Bail-outs are back as Europe wrestles to contain bank fears
Out go the bail-ins, in come the bail-outs again. Spurred by extreme market volatility and the near-collapse of Belgian lender Dexia at the start of the week, Europe’s authorities have coalesced around a swift recapitalisation of the region’s banks, paving the way for a return to the state support structures seen in 2008 and 2009.
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