The cost of interventions in the financial sector since 2008 in the EU countries
Antonio Millaruelo and
Ana Del Rio
Economic Bulletin, 2017, issue JUN, No 01
Abstract:
Since the start of the financial crisis, the advanced countries have deployed numerous measures in support of the financial system, requiring a sizeable volume of public funds. In the EU, aid has been authorised and subject to the conditionality required by the European Commission, in respect of its accountability for competition-related matters. This article explains the broad criteria for recording aid in general government accounts and discusses the different ways of measuring its direct cost. On Eurostat figures for the 2008- 2015 period, the impact of interventions on general government accounts in terms of debt, debt net of assets, deficits and contingent liabilities are shown for the EU countries. Nevertheless, the final cost will not be fully identified until the restructuring processes outstanding have been concluded and the public sector’s remaining exposure to the banking sector has been removed.
Date: 2017
Note: Analytical Articles
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)
Downloads: (external link)
http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... /beaa1702-art10e.pdf (application/pdf)
Related works:
Journal Article: The cost of interventions in the financial sector since 2008 in the EU countries (2017) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2017:i:6:d:aa:n:1
Access Statistics for this article
More articles in Economic Bulletin from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España ().