EU State Aid and the Financial Sector—Is the Crisis Over Yet?

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Andreas von Bonin, May 28, 2014

Since the start of the worldwide financial crisis in 2008, EU governments have used more than EUR 1.6 trillion to reduce the adverse effects of the shock on banks and financial institutions. Between October  400 decisions authorizing State aid measures for the financial sector. This included government guarantees as well as direct liquidity support in the forms of recapitalization and impaired-