To bail-in, or not to bail-in: that is the question (now for Cyprus)
Darvas, Zsolt. There is an intense debate on the possibility of bailing-in bank shareholders and lenders of troubled financial institutions (ie forcing investors to take losses), or relying on taxpayers to take the hit. For example, in a recent debate Charles Goodhart from LSE argued against, while Matt King from Citi in favour of bailing-in. […]
Φιλίππα Χατζησταύρου: The new-fashioned Europe
Be reassured. Despite the crisis which has been tormenting the EU since 2008, European integration shows progress, so we say. Indeed, but can we talk about integration in its classic sense? Certainly not. The crisis is in the course of changing the very nature of the European Union. Integration moves forward in an aggressive way, […]