Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

State aid lessons from 2008 for a 'Troubled Asset Relief Program' for the euro. CEPS Commentaries, 13 October 2011

Lannoo, Karel. (2011) State aid lessons from 2008 for a 'Troubled Asset Relief Program' for the euro. CEPS Commentaries, 13 October 2011. [Policy Paper]

[img]
Preview
PDF - Published Version
Download (71Kb) | Preview

    Abstract

    The European Union should move quickly to enact an American-style ‘TARP’ in the eurozone to strengthen the financial sector and maintain lending, argues CEPS CEO Karel Lannoo. Through the European Financial Stability Facility, the EU now has the structure in place for a truly European support fund for the banking sector, which it did not have in 2008. It should take account of the lessons of the 2008 crisis and apply EU state aid rules. A eurozone recapitalisation fund would better limit distortions to the functioning of the single market than the current arrangement of ad hoc guarantees and support mechanisms.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 17 Oct 2011 07:46
    Number of Pages: 2
    Last Modified: 17 Oct 2011 07:46
    URI: http://aei.pitt.edu/id/eprint/32560

    Actions (login required)

    View Item

    Document Downloads