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BRUSSELS (Dow Jones)--European governments, faced with a rash of bank failures, are moving to bolster their powers to take over troubled financial institutions that might cripple the economy if they are allowed to go bankrupt.
The moves are intended to defray the cost of future bank failures and reduce their threat to the wider financial system. But the proposed new powers have raised questions about whether property rights are being appropriately protected and whether the threat of nationalization could increase the cost of funding for all banks.
A few of the 27 European Union governments
An analysis of the new law prepared by the U.K. Treasury identifies various concerns of regulators. Among them are whether these laws violate property rights in the European Convention on Human Rights, and whether the threat of nationalization could make investors hesitant to lend to banks, thereby increasing the cost of bank funding
Originally posted by marg6043
All this is showing that the predictions of another global market crash is not base on opinions is a fact and now we can see how bad financially banks are doing all over the world.
The EU will have not other choice but to get in the US wagon train of nationalizing their falling banks or face a another financial crash.