Friday, November 18, 2011
Does the European Financial Stability Facility bail out sovereigns or banks?
November 18, 2011
Harry Huizinga talks to Viv Davies about his recent paper on the EFSF. Huizinga concludes that the creation of the EFSF has resulted in the bail out of both banks and countries, that the use of EFSF funds has been expensive and inefficient, and that there is a limit to the extent to which the EFSF can be scaled up. Nevertheless, he suggests that this may be a blessing in disguise. The interview was recorded on 17 November 2012.
Listen to the interview
Read the Paper