The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Somebody really has to explain to people (and politicians, and unfortunately even to central bankers) how a regulatory bank resolution works.
Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
The metaphor of the ATMs not working was actually used to bring home to people the seriousness of the situation - unfortunately in an entirely misleading way.
So the key points are - debt restructuring is an entirely routine way of resolving structural imbalanced which have been allowed to build up between debtors and creditors - for which both are responsible, and yes, the ATMS (which is the sum total of many people's experience of banking - will continue to work before, during and after the process.
Index of Frank's Diaries
by talos - Apr 29 28 comments
by Luis de Sousa - May 1 1 comment
by gmoke - Apr 29 2 comments
by In Wales - May 3 1 comment
by ManfromMiddletown - Apr 24 4 comments
by afew - Apr 20 52 comments
by ChrisCook - Apr 20 2 comments
by DoDo - Apr 11 4 comments
by In Wales - May 31 comment
by Luis de Sousa - May 11 comment
by gmoke - Apr 292 comments
by talos - Apr 2928 comments
by ManfromMiddletown - Apr 244 comments
by ChrisCook - Apr 202 comments
by afew - Apr 2052 comments
by DoDo - Apr 114 comments
by gmoke - Apr 134 comments