'
Societal and political acceptance is ending for the model of bank rescues in which the state protects bond holders and major investors.' - Carsten Schneider.
<blockquote>'Under current EU policy, private creditors will not be required to cover banking imbalances until 2018. But in Germany, Andreas Dombret, a board member of the Bundesbank, the country's central bank, would like to implement the new rules much sooner, by 2015. And Carsten Schneider, the budget policy expert for the opposition center-left Social Democrats, says he believes the rules for winding down banks should be implemented as soon as 2014.
"Societal and political acceptance is ending for the model of bank rescues in which the state protects bond holders and major investors," said Schneider.'
- '.. the rules for winding down banks should be implemented as soon as 2014.' (
Source, March 29, 2013)</blockquote>
Context<blockquote>
(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..''..Like monetarists, Keynes held no capital theory .. the role time plays..' - Jesús Huerta de SotoThe Problem of the Freedom of the Banks - By Ludwig von Mises'..the Volcker rule..' - 'The operation of 100 percent reserve banking .. Amsterdam..''..Germany will reach budget balance in 2015..' - 'In 2009, learning from the Swiss, Germany introduced its own balanced budget amendment..'</blockquote>