IMF says governments need a plan to dispose of the crisis assets; Ireland/Denmark unique in guaranteeing existing bank debt
Sep 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
A study published by the IMF says governments, having propped up the financial system during the global crisis, now need a plan to dispose of the assets they took over and reduce their greatly enlarged risk exposures. Ireland and Denmark were unique in guaranteeing existing bank debt - - significantly larger than new debt - - prior to the start of guarantee programs.