The individual who used the drill was pulled from the program and "sharply reprimanded, " the official said.
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It will be able to drill deep into individual banks, and it will carry out its own stress tests within the SSM area.
ECONOMIST: Plans for common supervision could easily turn messy
Individual owners lose the right to drill, but get paid according to their "fair share" of the reserves.
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Drill down into the individual investments and the story becomes even more compelling.
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