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.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts