Uncoupling of government and banking debt

26.5.2015

Question for written answer E-008365-15
to the Commission
Rule 130
Lefteris Christoforou (PPE)

As a result of the recent tragic experience suffered by Member States of the euro area, where government debt was linked to banking debt, action needs to be taken to uncouple one from the other, so that banking debt and losses do not impact society.

In view of the above, will the Commission say:

Α. What action is it taking to prevent similar tragic events caused by linking banking and government debt?

B. How are society and citizens being protected from the debts and mistakes of the banks?