Bail-Ins: EU Deal Protects Taxpayers in Bank Bailouts

http://www.spiegel.de/international/business/eu-deal-would-require-bail-ins-in-future-bank-rescue-plans-a-908175.htmlUnder an agreement reached early Thursday, European banks, their investors and depositors will be required to cover at least 8 percent of potential losses before governments step in with aid. It is a major step forward for the planned European banking union.