Eurozone Bank Recapitalisations: Pouring water into a leaky bucket
Eurozone Bank Recapitalisations: Pouring water into a leaky bucket
Author(s): Paul De Grauwe
Subject(s): Economic policy, EU-Accession / EU-DEvelopment, Financial Markets, Fiscal Politics / Budgeting
Published by: CEPS Centre for European Policy Studies
Keywords: EU; euro-zone; banking; debt crisis; economic policy; ECB;
Summary/Abstract: The sovereign debt crisis has degenerated into a banking crisis. This was perfectly predictable. A sovereign debt crisis always leads to a banking crisis. Yet policy-makers did not see it coming, or if they did see it, they failed to act in time.
Series: CEPS Commentary
- Page Count: 2
- Publication Year: 2011
- Language: English
- Content File-PDF