Articles mentioning manifested here Consumer organizations: Customize mortgages at market manifeste

ECONOMY For automatic debt restructuring economists central bank agrees with the report's authors, the use of public money to rescue countries excluded from the financial throws taxpayers manifested an unfair burden. Instead they propose to shoulder the burden of saving manifested the private creditors, those who have lent their governments.
For interconnection repayment terms government bonds with the economic performance of the country economists argue the central banks of England and Canada to report on financial stability published Tuesday. The Martin Brooke and Alex Pienkofski by the Bank of England and Mints Rice and Eric Sandor from the Bank of Canada said that the bailouts of Greece, Ireland, Portugal and Cyprus have highlighted how inadequate is the official planning for crisis management national debt. According to the authors of the report, the use of public money to rescue countries excluded from the financial throws taxpayers an unfair manifested burden. Instead they propose manifested to shoulder the burden of saving the private creditors, those who have lent their governments. Also, the authors express concern about the possibility that the promise of a bailout funded by taxpayers to encourage governments to borrow manifested excessively. manifested The Wall Street Journal points out that a similar concern was the authorities in revising the rules of operation of the financial sector after the collapse of Lehman Brothers. The authorities examined how taxpayers would be exempt from the obligation to rescue banks and how they would tackle the problem of moral hazard, ie how the expected state support to ailing banks encourage manifested excessive risk taking by bankers. The authors of the new report said the government bond contracts could include provision of delay or impairment in the amount of repayment when a country faces problems. One way would be to introduce a sunset clause postponing repayment of bonds when a country submits a request for assistance from the formal sector, something analogous to the conversion of bank debt into shares. Another option could be the interface of the repayment of bonds to the amount of the GDP of the country that issued it, which would mean a significant reduction in repayments in the event of economic stagnation. H Wall Street Journal notes that such concepts are not formulated for the first time as well, including an analysis of the Bruegel think tank in August. However, the new report shows that such proposals are taken seriously in official circles. The report, however, stressed that the views of four economists do not necessarily reflect the official position of the two central banks. Advertisement
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