January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe - InvestingChannel

January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe

“Now the exact same principles that were used in Cyprus are going to apply to all of Europe.  And with the entire global financial system teetering on the brink of chaos, that is not good news for those that have large amounts of money stashed in shaky European banks…. Is there some particular reason why January 1 is so important? This is something that I will be watching.”