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From Saviour to Guarantor: EU Member States' Economic Intervention During the Financial Crisis

By Fabio Bassan, Carlo D. Mottura
eBook
$99.00
By Fabio Bassan, Carlo D. Mottura
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State guarantees commonly function as financial panacea, allowing states to consolidate banking systems and create intergovernmental funds. Rules surrounding state guarantees were relaxed during the 2007-2008 financial crisis, allowing states to use them for financing small and medium-sized enterprises (SMEs) and workers' severance payments. Despite many multi-level interventions in many areas after the financial crisis, from international treaties to EU regulations, no specific regulation ...

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