Posts Tagged ‘bailout’

Policy turns against bank bailouts, and not before time!

by Michael Meacher.

The Cyprus deal should mark a turning point in the aftermath of the 2008-9 financial crash. Until now bail-outs of Eurozone banks have been almost entirely at taxpayers’ expense. The same applied to Brown’s bailouts of UK banks which cost taxpayers £67bn plus a further several hundred billions in loan guarantees, liquidity support and asset […]

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