At least 4 Chengguan, the most hated police-inspectors in China, were beaten to death by angry people in Cangnan County of Wenzhou City, Zhejiang Province (located in the industrial southeast), after they killed a man with a hammer. The police-inspectors hit the man with a hammer until he started to vomit blood, because he was trying to take pictures of their violence towards a woman, a street vendor. The man was rushed to hospital, but died on the way.
(Reuters) - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.
After seven hours of late-night talks, finance ministers from the bloc's 27 countries emerged with a blueprint to close or salvage banks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank.