Daniel Gros has a new VOX article describing how the EIB can be used to set up a European Financial Stability Fund: you can read it here.
Category: Banking Crisis
Brendan Keenan’s article today converges on a similar analysis: you can read it here.
Simon Johnson has written an interesting new piece on the virtues of a European stability fund: see here.
The annual report of Anglo Irish Bank has just been published and you can download it here.
Today’s Irish Times reports that the government has hired Peter Bacon
to assess the possibility of creating a “bad bank” or risk insurance scheme to take so-called toxic debts off the banks’ balance sheets in a bid to free up new lending.
I know I’m at risk of sounding like a broken record on this topic but, given its importance, I’ll add my latest two cents on this. I’m not in favour of either this form of “bad bank” or a risk insurance scheme.