Baverez – And if one applauded as the banks ? - The Point

In 2008, the bankruptcy of the banking system and created a credit crunch and caused a risk of global deflation. It was only averted by a rescue plan global whi

Baverez – And if one applauded as the banks ? - The Point

In 2008, the bankruptcy of the banking system and created a credit crunch and caused a risk of global deflation. It was only averted by a rescue plan global which lasted more than 5 000 billion, and by a stimulus program that dug the public debt of the developed countries approximately 20 % of their GDP. The crash bank then created a crisis of sovereign risk, which failed to burst the euro area.

Less than twelve years later, the developed countries are again forced to commit 20 % of their wealth in the form of public debt in order to avoid...

Article reserved to subscribers

Already a subscriber ?

sign in

Not a subscriber yet ?

Subscribe

writing will advise you

Nicolas Baverez – Under the Covid-19, the Brexit Baverez – Déconfinons football ! Baverez, The tragedy brazilian Baverez, France is to rebuild
Updated Date: 28 June 2020, 11:33

You need to login to comment.

Please register or login.

RELATED NEWS