Bailout Archives - IREF Europe

UK plans to melt the protections against the taxpayer bailing out banks again

Bob Lyddon — Wed, 30 Jul 2025 03:24:04 +0000

Introduction On 15th July, the UK Chancellor of the Exchequer, Rachel Reeves, delivered a keynote annual address to the City of London (known as the Mansion House speech) in which…

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Taxpayer bailouts of central banks and after the Global Financial Crisis

Bob Lyddon — Wed, 05 Jun 2024 03:41:13 +0000

Introduction Governments made major interventions to shore up the financial system during the Global Financial Crisis, which lasted from 2007 until the end of the Eurozone crisis in 2012. These…

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Bank of England makes the case for taxpayer bailouts of central banks: it’s mandatory

Bob Lyddon — Wed, 17 Apr 2024 04:07:26 +0000

Introduction The Bank of England has taken the lead amongst the world’s central banks in issuing a working paper about how central banks can replenish their capital, now that they…

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Banks Bailouts are back: Why we should let troubled banks fail

Mohamed Moutii — Wed, 14 Jun 2023 06:03:14 +0000

Since the beginning of March, US regulators have closed and sold three banks: Silicon Valley Bank, Signature Bank and First Republic. The failures are the biggest to hit the US…

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‘Liability Driven Investment’ explained: the first bailout of the new Global Financial Crisis

Bob Lyddon — Fri, 21 Oct 2022 05:28:09 +0000

‘Liability Driven Investment’ or ‘LDI’ is both a nonsense and a truism, and is now a byword for a disaster in the UK financial system. Here is what happened. As…

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November’14 Newsletter: The 2014 Agenda

Gordon Kerr — Wed, 20 Nov 2013 00:51:07 +0000

More taxation, more banking supervision, more bail-in than bail-out, more banking malpractice... This month newsletter summarizes the trends that are leading the banking world.

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A Greek Tragedy, Act III

Sylvain C — Thu, 05 Sep 2013 14:04:10 +0000

While Ireland may exit its bailout program at the end of this year, Greece is far from getting out of it. Around 10 to 11 billion euros ($13.1-14.4 billion) from the second half of 2014 will be needed to keep it going next year and in 2015. This will be the Third Act of the economic tragedy unfolding in Greece. Jeroen Dijsselbloem, Dutch Finance Minister, confirmed to the European Parliament that "as far as the potential need for a third program for Greece is concerned, it's clear that despite recent progress, Greece's troubles will not have been completely resolved by 2014".

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Bailing Out Greece For The Third Time: Useless and Illegimate?

Sylvain C — Thu, 22 Aug 2013 10:09:56 +0000

"There will have to be another program in Greece," German Finance Minister Wolfgang Schäuble said bluntly on August 20th. The two previous bail-outs amounted to about 240 billion euros but that was not enough. According to the International Monetary Fund, one the Troika member, the estimated uncovered funding needed by Greece for 2014-2015 may amount to 10.9 billion euros.

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July’13 Newsletter: Asset Bubbles Become Policy Bubbles

Gordon Kerr — Mon, 15 Jul 2013 08:26:18 +0000

Leaders, institutions and markets are all looking for guidance to get out of the present crisis. Government confidence is at stake, institutions' credibility is jeopardized and banking is close to fraud and collusion.

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Who Pays If Banks Fail

Sylvain C — Tue, 25 Jun 2013 18:47:51 +0000

European Union finance ministers failed to reach a deal last week on this controversial issue. Germany and France are at odds about costs distribution. The Banking Union is at stake since this law on rescuing and closing banks in the EU is a key point. The problem is to know who is going to decide what will happen to a failing bank and who will pay for it.

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