EU Gives Poland one Month Warning

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They face being dragged in front of the ECJ if they don’t submit.

Brussels has stepped up its war on national sovereignty, after rejecting a Polish appeal regarding changes to their judiciary, and say they risk being hauled in front of the ECJ if they refuse to comply. Continue reading

Bail-Ins Coming – EU Gives Countries Two Months To Adopt Rules

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– 11 countries face legal action if bail-in rules are not enacted within two months
– Bail-in legislation aims at removing state responsibility when banks collapse
– Rules place burden on creditors – among whom depositors are counted
– Austria abolished bank deposit guarantee in April
– “Bail-in regimes” coming globally


The European Commission has ordered 11 EU countries to enact the Bank Recovery and Resolution Directive (BRRD) within two months or be hauled before the EU Court of Justice, according to a report from Reuters on Friday.

The news was not covered in other media despite the important risks and ramifications for depositors and savers throughout the EU and indeed internationally.

The article “EU regulators tell 11 countries to adopt bank bail-in rules” reported how 11 countries are under pressure from the EC and had yet “to fall in line”. The countries were Bulgaria, the Czech Republic, Lithuania, Malta, Poland, Romania, Sweden, Luxembourg, the Netherlands, France and Italy. Continue reading