European Tribune - Comments - Bailouts, 'illegal state aid' and the Commission's value system

Bailouts, 'illegal state aid' and the Commission's value system | 34 comments (34 topical, editorial, 0 hidden)

but nobody seems to care about this new problem we're creating right now.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Oct 1st, 2008 at 07:01:42 AM EST
[ Parent ]

Re: Exactly (none / 1)

Well, at one level it's a problem we can look at next week/month, but it will need dealing with.

by Colman (colman at eurotrib.com) on Wed Oct 1st, 2008 at 07:05:45 AM EST
[ Parent ]

Re: Exactly (none / 0)

If we want to avoid pre-judging, the "nationalisation" and subsequent "breakup" can take place after it has failed and seen as too big.

Nationalisation of a bankrupt company wiping out shareholders and creditors should not be seen as a bad thing. It's definitely better than a straight bailout.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Oct 1st, 2008 at 08:03:56 AM EST
[ Parent ]

Bailouts, 'illegal state aid' and the Commission's value system | 34 comments (34 topical, 0 editorial, 0 hidden)

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