You are here: Members » Will Merkel grant ‘austerity model’ Ireland retroactive bank recap mutualisation?
A key sticking point in the European policy debates over the banking sector concerns bank recapitalisation. As one would expect, the countries in crisis that have experienced a property bust like Spain and Ireland, would like to strip away some of the loss socialisation that is taking place as government takes on the debts of the financial sector. Germany has not allowed this to occur.
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About Edward Harrison
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.
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