A key sticking point in the European policy debates over the banking sector concerns bank recapitalisation. As one would expect, the countries in crisis that have experienced a property bust like Spain and Ireland, would like to strip away some of the loss socialisation that is taking place as government takes on the debts of the financial sector. Germany has not allowed this to occur.
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Will Merkel grant ‘austerity model’ Ireland retroactive bank recap mutualisation? originally appeared on Credit Writedowns
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