It's only 'moral hazard' if it costs Europe
The justification for burning bank creditors as well as shareholders in a bank resolution is avoiding moral hazard, whereby bank creditors can lend money to banks with impunity, knowing they will be bailed out by the state if their credit judgment was ...
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Back when Germany had a Greek crisis. And its debt was slashed
They rely instead on a “moral hazard” argument: If Greece were offered an easy way to get out of debt, what would prevent it from living the high life on other people's money again? What kind of lesson would this send to, say, Portugal? But the Greek ...
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Greek Debt Crisis also Brings Moral Hazard, Delo Says
This is the reality of the European monetary union, where rules of the game are constantly determined by egotism and interests of big players, the paper says in "Moral Hazard of the Big Ones". Small and peripheral states are being pushed aside ...
Read more on STA - Slovenska Tiskovna Agencija (subscription)