Over the past two years, major industrialised countries have allocated approximately €1.1 trillion (or 4% of GDP) to recapitalise the financial services sector, according to Fitch Ratings estimates. This support, coupled with extensive liquidity-related programmes, most likely prevented the collapse of numerous banking systems worldwide.
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The wider economic fallout from the crisis, political concern about moral hazard, and pressures
The week on Risk.net, July 7-13, 2018Receive this by email