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July 12th, 2013 
FAKE NEWS for the Zionist agenda DW – It’s been proposed that the European Commission get the power to shut down an ailing European bank. But for the government in Berlin, transferring these powers to Brussels is out of the question. In the future, the European Union plans to spare the taxpayer from the responsibility of saving failing banks in the eurozone. To do so, a common European banking supervisory body has been set up at the European Central Bank (ECB), and is expected to be operational within a year. A few weeks ago, EU countries also agreed on who should pay first if a bank goes bankrupt, deciding to initially put large shareholders on the line. Now, the commission has proposed a European resolution authority that would be able to centrally order the closure of a bank if it can no longer be saved. For this purpose, banks would have to contribute to a common fund amounting to 60 or 70 billion euros (up to $89 billion) after a decade, according to Michel Barnier, the commissioner in charge of financial regulation. Read Article
Source Article from http://openyoureyesnews.com/2013/07/12/germany-opposes-eu-banking-dissolution-authority/
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