You're not going to let that go, are you. Everyone makes mistakes.
'Everyone' doesn't make as many mistakes as you, and you didn't even acknowledge that you made it (like you did when you said that Georgia is a NATO member). So of course I'm going to bring it up, until you do.
Airlines nearly went bankrupt in 2020 and nobody did anything to save them. Oil companies took huge losses.
There was a lot of state aid in European countries for flag carriers. Unfortunately combined with all sorts of 'global warming' idiocy demands, but it was there.
Banks were bailed out to prevent economic collapse due to lack of trust in financial institutions.
General Motors was also bailed out. It certainly isn't automatic, but it is not an impossibility either, like you seemed to claim.
They can't have received that much, they just did a share issue to cover debts. In fact, it was to cover their 1.7bn loan from the French government. So despite government "support", the shareholders still took a big hit because of the need to issue additional shares to cover debts.
In fact, it was to cover their 1.7bn loan from the French government. So despite government "support", the shareholders still took a big hit because of the need to issue additional shares to cover debts.
A state loan is support. Hell, the auto bailout, which you acknowledged as state support, was a loan, as was TARP.
'Everyone' doesn't make as many mistakes as you, and you didn't even acknowledge that you made it (like you did when you said that Georgia is a NATO member). So of course I'm going to bring it up, until you do.
There was a lot of state aid in European countries for flag carriers. Unfortunately combined with all sorts of 'global warming' idiocy demands, but it was there.
General Motors was also bailed out. It certainly isn't automatic, but it is not an impossibility either, like you seemed to claim.
Uh huh.
The only one I remember is Alitalia getting taken over by the Italian government because they were about to file bankruptcy.
It's Cathie Wood's turn to bail them out this time.
Maybe they'll finally die.
Well, if you don't remember it, that settles it. I guess Air France received no aid after all.
They can't have received that much, they just did a share issue to cover debts. In fact, it was to cover their 1.7bn loan from the French government. So despite government "support", the shareholders still took a big hit because of the need to issue additional shares to cover debts.
https://archive.ph/osd9t
Are the governments issuing windfall taxes going to pay them back to these companies?
Oh. That settles it then.
A state loan is support. Hell, the auto bailout, which you acknowledged as state support, was a loan, as was TARP.