European Commission VP Almunia: taxpayers may still face cost of bailing out banks

  • by: Associated Press
  • Updated: November 12, 2013 - 3:45 AM

AMSTERDAM — The vice president of the European Commission said Tuesday that taxpayer-funded bank bailouts remain a possibility if the latest stress test of Europe's biggest banks reveals significant capital shortfalls — or if the debt crisis were to really flare up again.

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