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
