Bailout
in sentence
528 examples of Bailout in a sentence
Year after year, Greece’s creditors have promised that the
bailout
packages would bring about a meaningful rebound in output, employment, and exports.
The
bailout
packages are, in this light, impressive achievements.
And, indeed, increasing the retirement age was an element in the Greek, Portuguese, and Spanish
bailout
packages.
The ECB had already begun purchasing Irish and Portuguese debt in the secondary markets well before these countries’
bailout
exit, as part of its “quantitative easing” program.
The cause is excessive public and private indebtedness, coupled with the absence of an effective
bailout
mechanism; the effect is collapsing confidence in banks and sovereign debt.
The solution is either a broad and deep debt restructuring that imposes losses on the private sector, or an ever more expensive
bailout
by taxpayers.
Financial and economic imbalance can lead to dangerous fiscal imbalance, as tax revenues plunge and social insurance and
bailout
expenditures rise.
The internal recession that followed the
bailout
was deep and long and left the ordinary Mexican citizen with a sharply reduced income facing higher prices for goods and services.
The Mexican
bailout
helped fuel the East Asian crisis that erupted two years later.
The Mexican
bailout
was on a much larger scale than earlier ventures.
In order to avoid a repeat of recent events in Cyprus, where a one-time tax on both large and small savers was put on the table as a means to help fund a
bailout
of the country’s financial system, the rigidity of this guarantee should be communicated clearly to countries.
I cannot plead for a government
bailout.
Finally, the ESM cannot be considered on its own, but must be seen in the context of the total exposure amount, which includes the €1.4 trillion in
bailout
funds that have already been granted.
Of course, when a country has run out of options, it will play along to gain access to official
bailout
funds.
Indeed, the Greek
bailout
– jointly funded by the EU and the International Monetary Fund – began disastrously as it delayed a much-needed debt-restructuring and demanded strict austerity.
It can ultimately end only with a renewed
bailout
of Greece or with Europe’s plunge into disaster.
Despite stress tests,
bailout
funds, and continual meetings, a permanent workable fix has so far eluded European policymakers.
The International Monetary Fund, for example, has just warned Ukraine that its $40 billion financial
bailout
could be cut off, owing to fears that corrupt officials will steal or squander the funds.
This
bailout
procedure, now familiar from similar bailouts in Mexico and Asia, raises several serious questions.
Will the
bailout
solve Russia’s problems?
The one thing the
bailout
surely did was to help the foreign investors.
Whether Russia is helped by the
bailout
is an open question.
The Russian bailout, whether ultimately justified or not, exemplified a very unhealthy situation in the world economy.
The US financial sector received an unconditional
bailout
– and is not now facing any kind of meaningful re-regulation.
But a sovereign default would require a much larger bank
bailout
than in Greece, potentially leaving private debt almost worthless if official debt has seniority.
Moreover, Greece could exit the eurozone in 2013, before Spain and Italy are successfully ring-fenced;Spain – like Greece – is spiraling into depression, and may need a full-scale
bailout
by the “troika” (the ECB, the European Commission, and the International Monetary Fund).
Meanwhile, austerity fatigue in the eurozone periphery is increasingly clashing with
bailout
fatigue in the core.
Small wonder, then, that Germany, politically unable to vote on more
bailout
resources, has outsourced that job to the ECB, the only institution that can bypass democratically elected parliaments.
The public already is being misused in an effort to mop up junk securities and support feeble banks, with taxpayer-funded institutions such as the ECB and the
bailout
programs having by now provided €1.2 trillion ($1.6 trillion) in international credit.
The official approach, Plan A, has been to pretend that these economies suffer a liquidity crunch, not a solvency problem, and that the provision of
bailout
loans – together with fiscal austerity and structural reforms – can restore debt sustainability and market access.
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