2023-05-09 20:22:34
More this big gap challenges some citizens. If the state could bail out the coffers of the banks when they needed it, why wouldn’t the banks help bail out the coffers of the state? in the opposite situation ? Shouldn’t the State ask for reimbursement of aid paid between 2008 and 2018? Andand that was done. “Citizens can reassure themselvesthe banks largely reimbursed the State. IHe didn’t lose, on the contrary… he often won!”asserts Eric Dor, Director of Economic Studies at the IESEG School of Management in Paris and Lille.
Let’s take a closer look at this period. “In the event of a crisis, there are two modes of rescue: the provision of guarantees and recapitalization with public funds., specifies Eric Dor. In the first case, the crisis sets in: customers begin to withdraw their money from their account and interbank financing ceases. “Banks lend each other cash every day depending on the surpluses they obtain. But when the banks no longer trust each other and no longer finance themselves, the public authorities provide a loan guarantee. The State asks potential lenderss to lend money and acts as guarantor in the event of non-reimbursement by the banks. And like an insurer who compensates for risk takings by asking its customers to pay for car insurance, for example, the State asks the banks to pay for its guarantee. It was done in Belgium.”
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