Fuest, Clemens (2013) The fragility of banks in the Eurozone’s periphery means that proposals for a European wide bank resolution fund are likely doomed to fail. LSE European Politics and Policy (EUROPP) Blog (07 Aug 2013). Website.
|
PDF
Download (267kB) | Preview |
Abstract
Many countries used public funds to bail out struggling banks at the onset of the financial crisis. Now, with austerity still biting, the chances of further bank bailouts by national authorities are relatively slim. Clemens Fuest examines Internal Market Commissioner Michel Barnier’s recent proposals for the European Commission to take responsibility for bank restructuring and the creation of a European bank resolution fund. While he finds the proposals to be sound, he also argues that the issue of large numbers of non-performing loans held by countries in the Eurozone’s periphery must first be solved, and banks and depositors in the core region need to be convinced of the benefits of risk sharing.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2013 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 05 Apr 2017 08:29 |
| Last Modified: | 11 Dec 2024 13:25 |
| URI: | http://eprints.lse.ac.uk/id/eprint/72472 |
Actions (login required)
 |
View Item |
Download Statistics
Download Statistics