Gold Magazine May - June 2013, Issue 26 | Seite 69

EU Governments
Save Their Banks

banking

{money}

Greece and Spain championed EU bank
support with public money in 2012
By Kyproula Papachristodoulou

T

he restoration of European banks’ balance sheets
through government
intervention over the past
four years has been of
unprecedented magnitude.
The intervention took various forms, ranging
from direct support for financial institutions to
monetary policy op