[PDF.12nr] From Saviour to Guarantor: EU Member States’ Economic Intervention During the Financial Crisis (Roma Tre Business and Finance Collection)

From Saviour to Guarantor: EU Member States’ Economic Intervention During the Financial Crisis (Roma Tre Business and Finance Collection)

[PDF.hm66] From Saviour to Guarantor: EU Member States’ Economic Intervention During the Financial Crisis (Roma Tre Business and Finance Collection)

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 |  2015-08-25 |  2015-08-25 | File type: PDF

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||About the Author||Fabio Bassan is Professor of International Economic Law and European Law at the Department of Business Studies, 'Roma Tre' University, Italy. He is Founding Director of the Sovereign Wealth Funds Law Centre, and his areas of interest include in

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 ...

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