, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the … financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm's length. Such … design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those …

, and reduce deficits after they receive a bailout from the state government. The state government appears to be both able … and willing to enforce austerity after granting a bailout …

In the early spring of 2009, I wrote an article on the federal government's bailout of American International Group …, Inc. (AIG) entitled <em>The AIG Bailout</em> (see "http://ssrn.com/abstract=1346552" http://ssrn.com/abstract=1346552 …). Many events related to the bailout transpired after that article was published. Hence, this Article serves as an afterword …

In 2010, Ireland was experiencing a bank crisis and a sovereign debt crisis as a result of fallout from the broader … banking sector. As a result, on December 10, 2010, the ECB and Central Bank of Ireland (CBI) entered into a bilateral …) aid package to Ireland. The ECB-CBI agreement was extended once and terminated on September 28, 2012. The BoE …