ECB says Slovene draft law would harm central bank
Proposal is latest round in long-running political battle over bail-in of shareholders and creditors
The European Central Bank has again strongly criticised a law put forward by Slovenia’s government obliging the country’s central bank to compensate some bank shareholders.
The Slovene central bank has been under considerable political pressure since it bailed in shareholders and major creditors of several large banks in 2013 and 2014. The bail-in was ruled to have been lawful by the European Court of Justice.
Nonetheless, there has been a persistent campaign by politically-influential bailed
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