(the SoFFin rescue fund), Switzerland (the rescue of UBS), Ireland (the "blanket guarantee" of Irish domestic banks issued in September 2008), and several other countries in Europe.

Bailout vs. bail-in

A bail-in is the opposite of a bail-out because it does not rely on external parties, especially government capital support. A bail-in creates new capital to rescue a failing firm through an internal recapitalization and forces the borrower's creditors to bear the burden by having part of the debt

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