Publication
24 Oct 2011
Recapitalizing banks made sense during the banking crisis of 2008 when governments had debt burdens significantly lower than those of 2011. Today, governments cannot recapitalize banks without triggering downgrades and renewed fears of sovereign default.
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English (PDF, 2 pages, 83 KB) |
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Author | Paul De Grauwe |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2011 Paul De Grauwe |