EU draft bank rescue law would not shield big deposits

All the skeptics insisted the Cyprus "bail-in" of banks by depositors losing out was a one-off event.  The naysayers are naive.  The Cyprus bail-in is the blueprint for the rest of the banking world.

http://www.reuters.com/article/2013/05/20/us-eu-banks-idUSBRE94J0AC20130520

UniCredit Says Global Rule Needed to Bail In Big Deposits

http://www.bloomberg.com/news/2013-04-04/unicredit-s-ghizzoni-favors-using-big-deposits-in-bank-failures.html