Saturday 20 January 2018

Donal O'Donovan: Spanish cash crisis has raised hopes of shifting bill for bank rescues over to EU


So Europe has decided to pay off our banking debts?

I'm afraid not, but there are calls from some European leaders to shift the cost of rescuing banks off individual countries and on to euro-wide rescue funds.

Our government sees that as an opportunity to shift some of the €64bn we've already paid to prop up banks here on to the rest of Europe.

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