The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Eu-member or in this case EEA member and your banks can operate everywhere. meanwhile they are still regulated and deposit-insured by their national states.
As Iceland demonstrates, that is a bad rule.
and up to a point Ireland shows, is a problem.
No depositors have so far been in danger in Ireland - only bondholders who should lose their shirts.
And once you have opened for savers out of other EU-countries, they are as senior as your domestic savers and you have to treat both the same way.
No, they really shouldn't.
The British depositors can still petition their own government for restitution. Since the British government is more likely to cover British depositors than Icelandic depositors, the Icelandic government is justified in giving domestic depositors preferential treatment.
Management and bondholders should, of course, lose their shirts no matter their nationality.
Friends come and go. Enemies accumulate.
by afew - Apr 20 46 comments
by ChrisCook - Apr 20 2 comments
by DoDo - Mar 19 19 comments
by DoDo - Apr 11 4 comments
by redstar - Apr 2 19 comments
by gmoke - Apr 1 34 comments
by ManfromMiddletown - Apr 241 comment
by ChrisCook - Apr 202 comments
by afew - Apr 2046 comments
by DoDo - Apr 114 comments
by redstar - Apr 219 comments
by gmoke - Apr 134 comments
by DoDo - Mar 1919 comments