In the discussion on whether or not governments should bail out Greece, it has often been argued that by providing loans to Greece, the other eurozone governments are rescuing their domestic banks.
In our view, there are ten reasons why the UK will not go down the ‘Greek path’ anytime soon. But the new government must plug in its fiscal black hole if it wishes to retain its debt sustainability and its cherished AAA rating.
In December 2009, the Basel Committee on Banking Supervision made proposals to harmonise the oversight of banks’ liquidity. Are these new requirements even more stringent for the banking sector than the proposals for tighter capital requirements?
In this study the policy options: defaulting on debt obligations, withdrawing support measure for the banking sector, increasing inflation, boosting GDP growth and introducing austerity measures that governments have at their disposal are discussed.
Dutch Housing Market Quarterly
The housing market in the Netherlands is gradually recovering from the blow dealt to it by the credit crisis. The downward trend in transaction numbers now seems to have been broken, setting the trough at just over 125,000 transactions on a 12 month basis.