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> the state will bail it out. Would it be that bad? From my simplistic understanding of economics, the Danish central bank can bail it out with minimal side ef
by hocuspocus 8y ago
> the state will bail it out.
Would it be that bad? From my simplistic understanding of economics, the Danish central bank can bail it out with minimal side effects, right? And the state would be in a position to ask for a commensurate compensation.
- lordnacho 8y agoThe state already bailed out the banks, including this one, back in 2008. Denmark has a larger banking sector relative to the economy than most countries, and the politicians thought it was a good idea to bail them out. What's scandalous is they didn't insist on wiping out the shareholders.