The opinion of Europe’s influential executives on the US government bailout is clear with nearly 40% feeling that the market should let bad banks fail, according to a recent CNBC poll. 25% welcome the European rescue plan and 27% endorse the BOE and ECB rate cuts.
In a separate CNBC poll asking whether European countries are doing the right thing guaranteeing bank deposits, 75% said that it would prevent a run on banks whilst 16% said that it puts shareholders at risk, not depositors.
The polls were conducted by CNBC to collect the opinions of the channel’s influential C-Suite executive audience.
Notes to the Editor:
Question: Are European countries doing the right thing guaranteeing bank deposits?*
75%: Yes, to prevent runs on banks
16%: No, shareholders are at risk, not depositors
9.3%: They are if it's my money
Question: What Would Help European Banks the Most?*
10%: The US $700 Billion Bailout Plan
25%: A European Rescue Plan
27%: The BOE and ECB Cutting Rates
37%: The Market Letting Bad Banks Fail
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