‘Crashed’ finally gives the last 10 years of financial crises the coherent narrative they deserve.
History is not the forte of governments. You don’t need Trump’s tweets – like a recent one retweeted by the fake account of the deceased 37th president Richard Nixon, saying that a presidential campaign spying on a rival campaign has “never been done” – to know this.
It was not much of a surprise then that, in an April interview with Spanish newspaper Expansión this year, Single Resolution Board chair Elke König said the Banco Popular liquidation “proved that a bank can also fail due to a lack of liquidity”, as opposed to insolvency.
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