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Saturday, October 19, 2013

10 reasons why the ESM might never take a stake in a bank

Alex Barker at FT/Brussels Blog
For the more optimistic finance ministers the ultimate, ultimate backstop — only to be used in exceptional circumstances — is apparently a “direct recapitalisation” from the European Stability Mechanism, the eurozone’s E500bn bailout fund. The trouble is that there are a legion of hurdles to clear before using this instrument....
 ss. την επόμενη φορά που κάποιος θα αναφερθεί στο θέμα Απευθείας Ανακεφαλαιοποίηση Απο Το ESM, θα του ενεχειριάσω ένα αντίγραφο του άρθρου!!!

Lacey Hunt "..the great monetary experiment"



Guest Post at Fabius Maximus .
 (initially posted at  Testosterone Pit

EZ crisis and historical trilemmas | vox