Codogno, Lorenzo and Monti, Mara (2017) Is Italy’s recent support to its banks the start of a new wave of public intervention in the EU? LSE European Politics and Policy (EUROPP) Blog (16 Jan 2017). Website.
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Abstract
The banking crisis in Europe has three distinct legs according to Lorenzo Codogno and Mara Monti. The first leg was purely financial contagion from the sub-prime crisis in the US to toxic assets held in bank portfolios in Europe, while the second wave was equally intense, amid the negative feedback loop between banks and sovereigns. The third wave is the lagged impact of the economic crisis on the quality of loan portfolios: it has just triggered intervention by the Italian government, but it may require additional public money across the EU. Public money injected today is just a fraction of what was injected at the outset of the crisis. However, more than nine years since the sub-prime crisis started, it is striking that the EU is still facing banking problems.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2017 The Authors |
| Divisions: | LSE |
| Subjects: | D History General and Old World > DG Italy H Social Sciences > HG Finance J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 16 Feb 2017 12:42 |
| Last Modified: | 16 May 2024 08:56 |
| URI: | http://eprints.lse.ac.uk/id/eprint/69416 |
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