EU agrees on plan for dealing with failing banks.

European finance ministers could be creating the conditions for a future run on banks after agreeing on a framework for dealing with failing firms in the sector. Crucially, major depositors will be a first port of call if a bank needs cash to shore up its finances, as happened in such brutal fashion in the bailout of Cyprus earlier this year. Money could then be taken from a country's national resolution fund; eventually, a common Europe-wide fund would be created to rescue banks.