The EU is likely to have some more problems, like those here in coming months. Ah, that omnipotent, cohesive EU.

EU moots bank collapse fund
Brussels:

The European Union’s finance executive, on Friday, called for banks to pay into a fund that could be drawn upon in case of collapse, an effort to shield taxpayers from the fallout of future crises.


Officials are also calling for new ways to deal with insolvent financial groups that operate in multiple countries to avoid a repeat of the messy and expensive cross-border wrangling that followed the September 2008 collapse of US investment bank Lehman Brothers.

EU moots bank collapse fund