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{"ops":[{"insert":"In 2012\/13 Cyprus was hit by banking crisis. Jeroen Dijsselbloem, the former head of the\nEurogroup, remarked in this context: \u201eFrom now on the [bank] creditors will be held\nfinancially responsible in resolution funding. Public sector financial aid will be the\nexception.\u201c\na) Judged against the competencies of the Eurogroup, was Jeroen Dijsselbloem\nin a position to make this statement?\nb) Explain what he meant.\nc) He was heavily criticised for the statement, amongst others by\nrepresentatives of the European Central Bank. What are possible reasons for\nthe criticism?\nd) Judged retrospectively against the evolution of EU bank regulation (\u201cBanking\nUnion\u201d), was he more right or more wrong?\n"}]}
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