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"Big step tonight," EU Commissioner Michel Barnier wrote on Twitter. We are learning lessons of crisis," he said after the agreement was reached by representatives of the European Parliament, the European Council -- the EU's executive arm -- and the 28 member states. "This is a fundamental step towards the completion of the Banking Union," Barnier said in a separate statement. The "bail-in" will primarily require important hits to be taken by shareholders and bond holders of a financial institution in trouble.
Former Thai prime minister Abhisit Vejjajiva was indicted for murder Thursday in connection with a deadly military crackdown on mass opposition protests in Bangkok three years ago, prosecutors said. The indictment comes as fresh political turmoil shakes the Thai capital, with protesters backed by Abhisit's opposition party seeking to oust Prime Minister Yingluck Shinawatra and rid the kingdom of the influence of her brother, deposed former leader Thaksin. "We have indicted him (Abhisit)," Nanthasak Poonsuk, a spokesman for the attorney general's office, told AFP outside the Bangkok court where the closed-door hearing was held. Thailand has seen several bouts of political turmoil since Thaksin was ousted in a military coup in 2006, with rival protests spilling into the streets in sometimes bloody unrest.