How bail-in, bailout, and no economic rescue for countries will work in future
Recession may be over in most Western economies but the recovery is still fragile and slow. Sustaining current public debt levels in many European countries is precarious. But central bankers are sending out a confusing and mixed message which is doing nothing to calm the nerves of anxious investors.
<i>Banking crises in Bulgaria, Austria and Portugal have demonstrated that the banking industry is fragile, monitoring by central bankers does not work and that local defaults are real possibilities. The sustainability of public indebtedness hangs by a thread in several countries. The well-known bailout strategy pursued by many central bankers over the past few years may no longer b...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.