Translation of "Angeschlagene banken" in English

The ailing bank and financial system will not survive the end of the Euro.

In September 2010, the Commission authorised a resolution scheme for the handling of distressed banks in Denmark.

Private banks would be subject to improved monitoring, and some state banks would be merged.

Working closely together, Member States and the Commission have agreed a series of immediate measures to protect our citizens' savings and rescue banks in difficulty.

In spite of this apparent resilience, the crisis has brought to the fore several vulnerabilities related to the high exposure of Austrian banks to Central, Eastern Europe and South-Eastern Europe (CESEE), and the need to repay the capital injected in distressed banks by the government and to mitigate the risks associated with foreign currency lending (CHF and JPY).

Precisely because the financial health of each member state is closely tied to that of its banks, it seems sensible to funnel supervision of BOTH troubled banks and governments through a smaller number of institutions: the ESM, the Commission, the ECB and the SRM.

In return for aid totaling 100 billion euros, the country is obliged to undertake a sector-based adjustment program, under which ailing banks will be restructured or liquidated.Â

To avoid a "Japanese scenario", distressed banks should therefore be swiftly and decisively recapitalized and restructured.

Recent measures give grounds for optimism: the single banking supervisor envisaged as part of the banking union for the single currency area will pave the way for the recently installed permananent rescue fund ESM to recapitalize banks directly – a move that will sever the negative loop between banking crisis and rising government debt. Â

In most countries, bank and non-bank companies in financial difficulties are subject to normal insolvency proceedings.

The European Commission has authorised under EU State aid rules a resolution scheme for the handing of distressed banks in Denmark.

The financial markets are nervous and Italy's ailing banks are weakening the euro.

The cack-handed rescue of Northern Rock, a troubled bank, showed regulatory weakness and poor judgment under fire.

Seven years of debt deflation, reinforced by the expectation of everlasting austerity, have decimated private and public investment and forced anxious, fragile banks to stop lending.

The following issues were raised: the banking union as a decisive element for a stable system, the loss of faith in the banking system, the vicious cycle of ailing banks and sovereign debt, the balance of decision powers in a banking union and the role of non-euro countries, and the emergency procedure to draw up and adopt the opinion within the time frame requested by the Commission, Council and European Parliament.

That means restoring the health of weak banks by resolving the problem of bad loans on their books and making sure they are holding sufficient capital to be viable once again.

The financial crisis highlighted that public authorities are ill-equipped to deal with ailing banks operating in today's global markets.

Otherwise tensions between the supervisor (ECB) and national resolution authorities may emerge over how to deal with ailing banks, while market expectations about Member States’ ability to deal with bank failure nationally could continue, reinforcing feedback loops between sovereigns and banks and fragmentation and competitive distortions across the Single Market.

The financial crisis has shown that national authorities are not fully equipped to deal with failures of banks that operate in today's global markets.

The government has submitted a proposal on a dowry scheme to facilitate private resolutions to handle distressed banks and help improve financial stability.

The new rules for a genuine banking union in Europe are meant to shift the burden of failing banks from tax payers to the “owners “of the banks.

These results thus reflect the geographical distribution of ailing banks and zombie firms, of which most but not all reside in the economies of Greece, Ireland, Portugal and Slovenia.

Ten billion euros of the 26 billion euro first instalment of the third bailout package are destined for hard-hit Greek banks, and 13 billion for repaying ECB and IMF debts.

Viewed critically, many Italian banks are financially stricken but the state is hardly in a position to offset this.

Months before we were elected, I had warned Alexis Tsipras, and his 'inner cabinet', that the Troika would be using our banks as a lever by which to subdue us.