Facing a major crisis, the European Union and the European Central Bank (ECB) have combined to support Greece and other southern European countries under attack from speculative finance. In an unprecedented move, the ECB has agreed to guarantee the value of debt issued by euro-zone members, and to intervene in bond markets as necessary. The EU has mobilized loans and credit facilities of nearly 1 trillion euros to support the European bond market.
Bailout
Of bailouts and liquidity shakedowns
Here is an amazing multimedia article published by Bloomberg Markets Magazine in the U.S., that lists all of the individual banks which received financial assistance from the U.S. Federal Reserve during the 2008-09 crisis. It shows each bank's peak borrowing from the Fed, the number of days they held the funds, and the timeline for paying it back. You can sort the banks by name, amount borrowed, and other criteria.
![Murray Dobbin](http://rabble.ca/sites/rabble/files/imagecache/thumbnail/category_pictures/murray dobbin.jpg "Murray Dobbin is a guest senior contributing editor for rabble.ca. Murray has been a journalist, broadcaster, author and social activist for 40 years. A board member and researcher with the Canadian Centre for Policy Alternatives, he has written five studies for the centre including examinations of charter schools, and "Ten Tax Myths." Murray has been a columnist for the Financial Post and Winnipeg Free Press and contributes guest editorials to the Globe and Mail, the Toronto Star and other Canadian dailies. He writes a regular "State of the Nation" column for the on-line journal theTyee.ca which is published simultaneously on rabble.ca.
Murray has written five books, including critical profiles of Preston Manning, Kim Campbell and Paul Martin. His "The Myth of the Good Corporate Citizen" has been described as a citizens' guide to globalization. He has also prepared radio documentaries for the CBC Radio's Ideas series on subjects including taxes, human rights and the right-wing regime in New
Zealand.
A long time social activist Murray has been involved in many movements from the anti-nuclear movement, to the fights against so-called free trade and public private partnerships. He is the founder of Word Warriors, a project which co-ordinates letter-writing to the editorial pages of newspapers across Canada. He is a Senior Advisor to the Rideau Institute on International Affairs.")