A broad consensus is now forming in Europe that we will need to move fast and introduce some form of asset relief to complement the measures already in place. Many countries are now looking seriously at the options on the table. Some are considering the possibility of setting up a 'bad bank' to absorb the impaired assets, others an insurance scheme.
In other words, Yurp is toying with the same stupid ideas -- bad bank, ringfencing, yaddayaddayadda -- that we're toying with. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
Finland Offers EU Experiences in Financial Crisis Management
In Vanhanen's view, pumping more money into economic stimulus is not the right way to fight a recession. Instead, he calls for going into the core of the crisis by cleaning away bad credit.
However most of the acquired 'rubbish' was still 'performing', but needed additional capital, reorganization and market consolidation. You can't be me, I'm taken
And the only language where "European" debate happens is in English - and that's of course the language of the countries most wedded to finance and "efficient markets" and free trade. In the long run, we're all dead. John Maynard Keynes
If I could see that. Then everyone else could too, and there's no excuse for letting it get to the point we have now.
Stocks went up on bad news, down on good earnings...these days when I see people with books on day trading, investing, etc. I tell them that they'd be just as well off trying poker instead. "It Can't Be Just About Us"--Frank Schnittger, ETian Extraordinaire
I wasn't comfortable with that and I cashed out, the retirement plan as well. If I could see that. Then everyone else could too
