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National rescue measures in response to the current financial crisis

Author

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  • Petrovic, Ana
  • Tutsch, Ralf

Abstract

Faced with one of the most severe financial crises in history, the European and national authorities have introduced a number of short-term measures aimed at stabilising the financial system and avoiding spillover to the wider economy. This legal working paper provides a comprehensive overview of the financial crisis measures introduced by the 27 EU Member States from 1 October 2008 through 1 June 2009. A general overview of the individual Member State's rescue schemes as well as details on state guarantee schemes, recapitalisation measures, state loans, the acquisition of impaired assets and nationalisation (where applicable) is set out for each Member State. In addition, individual measures with regard to individual banks are included in the country chapters. Appendix I provides an overview of the deposit-guarantee schemes of the Member States in the form of a chart. Relevant European Central Bank opinions and non-consultation letters can be found in Appendix II and Appendix III contains a table summarising the Member States measures. JEL Classification: K

Suggested Citation

  • Petrovic, Ana & Tutsch, Ralf, 2009. "National rescue measures in response to the current financial crisis," Legal Working Paper Series 8, European Central Bank.
    • Handle: RePEc:ecb:ecblwp:20098
    Note: 1156821
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    Keywords

    guarantee schemes; member states;

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