EC to propose bank bond holders to take damage of any bank collapse

The European Commission will outline measures to manage future banking crises.

The aim is to stop the collapse of individual banks from causing chaos throughout the rest of Europe's financial system.

Up until now, national governments have used taxpayers' money to bail out troubled banks.

But the commission is expected to suggest that the damage from a banking collapse is limited to another group of people bank bond holders.

Unsurprisingly they are protesting hard as Jeremy Howell reports.

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