ECB research assesses fiscal impact of bailouts
Cumulative losses for eurozone government balances are 1.7% of GDP from 2008–13
Government bailouts in the eurozone represented 5.1% of GDP between 2008 and 2013, a statistics paper published today by the European Central Bank (ECB) finds.
In Financial assistance measures in the euro area from 2008 to 2013: statistical framework and fiscal impact, Henri Maurer and Patrick Grussenmeyer analyse the impact on the government's fiscal position of the assistance measures undertaken to support the financial sector during the financial crisis.
Up to end-2013, the economists
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