So you think the Cyprus 'haircut' was a 'one off'?

[ellal]

Your original post turned out to be unsupported by the document you thought it came from.

If one day you post something that has good support, I will look at it.

Oh look then...

An article for the simple minded!

As well as setting up the new ECB “single-supervisory mechanism” in June 2014, the eurozone is to agree common rules on “bank resolution”, setting out which uninsured depositors and bondholders will lose money if financial institutions need to be taken into receivership and restructured....

To avoid the cost of banking bailouts falling on highly indebted eurozone governments, banks that fail the ECB stress tests will face having losses and writedowns imposed on their creditors....

Wolfgang Schaeuble, the German finance minister, has lifted Germany’s opposition to a so-called banking union as long as it remains within the current EU treaty, without a common European deposit guarantee or resolution fund.....

Plus of course we are not out of the loop...

I suggest reading this very carefully:

Resolving Globally Active, Systemically Important, Financial Institutions Federal Deposit Insurance Corporation and the Bank of England

The introduction of a statutory bail-in resolution tool (the power to write down or convert into equity the liabilities of a failing firm) under the RRD is critical to implementing a whole group resolution of U.K. firms in a way that reduces the risks to financial stability. A bail-in tool would enable the U.K. authorities to recapitalize an institution by allocating losses to its shareholders and unsecured creditors, thereby avoiding the need to split or transfer operating entities.

These of course merely reinforce what I originally posted, but feel free to carry on in blissful ignorance if you want...