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A new bail-in system came into effect for all European banks on 1st of January. To save banks during a crisis, money will be taken from everyone with more than 100 000 euro on their bank accounts.

Summary of Disinformation

A new bail-in system came into effect for all European banks on 1st of January. To save banks during a crisis, money will be taken from everyone with more than 100 000 euro on their bank accounts.

Disproof

The bail-in system is a way how to avoid taxpayers losing money when their bank is in the crisis. The directive makes the shareholders and bond holders (not the account holders) take a hit first when the bank is struggling: bit.ly/1RuROor,

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Reported in: Issue 10
Date: 01.01.2016
Language: English
Country: EU
Keywords: Economic difficulties
Outlet where the disinformation appeared: activistpost.com
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