GUIDELINES REGARDING THE BANK RECOVERY AND RESOLUTION DIRECTIVE AND RESPONSIBILITY IN THE BANKING ACTIVITY (I)
GUIDELINES REGARDING THE BANK RECOVERY AND RESOLUTION DIRECTIVE AND RESPONSIBILITY IN THE BANKING ACTIVITY (I)

Summary/Abstract: Although it has been almost 10 years since the 2008 economic crisis, its consequences are still being felt and it seems that all of us still have many lessons to learn from this phenomenon. The financial crisis affected everyone. Its consequences were difficult to bear even by persons or entities that were considered almost invincible, at least at the time, as was the case of credit institutions. Regardless of the "role" that the latter had the financial crisis, the fact of the matter is that credit institutions required financial support in order to survive. The lack of appropriate instruments at EU level needed for the effective management of the situation of the credit institutions that were in difficulty led to the involvement of states in saving them by using taxpayers' money, measure that did not escaped more or less justified criticism.

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