Priority of creditors

Unless otherwise defined, in the euro area this refers to the obligation of creditors to share in the losses of a bank in the event of bankruptcy before these are passed on to the taxpayers. – The Cyprus crisis in 2013 was the first time that virtually all creditors were called upon to cover losses (loss compensation) of over-indebted banks. – See bank bailout, depositor liability, bail-in, loss absorption, personal, asset levy, zombie bank, forced expropriation.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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