EU reaches deal to shield taxpayers from bank failures

A demonstrator puts a sticker reading ''closed, general strike'' on an ATM machine during a national strike in downtown Madrid on March 29, 2012.

After hours of high stakes negotiations, European finance ministers have struck a deal to help shield taxpayers from bank failures. The EU plan is to make sure bank shareholders and depositors shoulder losses before they fall to taxpayers.

The BBC's Mark Gregory joins Marketplace Morning Report host David Brancaccio from London with the details.

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