ECB’s Constancio: may need public money in bank failures

Banks should pay for winding down their failing peers but sometimes taxpayer money may also be needed in this process, European Central Bank Vice President Vitor Constancio said on Tuesday. There may be a need for “temporary use of public money when, for example, a bridge bank needs to be create…

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ECB’s Constancio: may need public money in bank failures

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