Some central bank and ministry of finance officials are against the bailout plan.

And the largest cost of major bank failures is not the subsidy, or the cost of a bailout.

Having their bonds purchased by the European Central Bank did not keep Greece, Ireland, and Portugal from needing a bailout.

Meanwhile, Germany s insistence on imposing losses on bank creditors in Cyprus is the latest symptom of bailout fatigue in the core.

Delaying bank restructuring is costly, in terms of both the eventual bailout costs and the damage to the overall economy in the interim.

Bailout Blues

Busted Bailout

So I think that the oil blowout, the bank bailout, the mortgage crisis and all these things are absolutely symptoms of the same cause.

And the absence of a Europe wide fiscal policy creates significant uncertainty about how the European Central Bank would finance itself if it suddenly faced large losses on junk bank debt after a big bailout.

The Bailout Bias

China s American Bailout?

The ensuing massive bank bailout, plus continued budget deficits and declining nominal GNP, means that Ireland s debt is ballooning, while its capacity to pay has collapsed.

The Fed should take care to prevent any breakdown of liquidity while keeping inflation under control and avoiding an unjustified taxpayer financed bailout of risky bank loans.

And the European Central Bank will also blithely continue its bailout policy in terms of giving loans to the eurozone s troubled members and purchasing their government bonds.

In the same week in April that former Portuguese Prime Minister Jose Socrates announced the need for an international financial bailout to pay for its public debt of 80 billion Euros, Icelanders went to the polls to reject tax payers participation in the Icesave bank bailout deal.

Why the Greek Bailout Failed

Third, bailout fatigue is apparent.

The ECB s Secret Bailout Strategy

Consider the Irish bailout sorcery.

Does it need a BailOut?

Even talk of a government bailout reduces the debt holders incentive to act, making the bailout more necessary.

I cannot plead for a government bailout.

The bailout exposed deep hypocrisy all around.

Second, the eurozone s bailout bill continues to rise.

The Swiss government could afford the bailout, just.

Europe has similarly expanded its regional bailout facility.

Is that outcome morally superior to a bailout?

Eurozone taxpayers provided 10 billion in bailout funds.

This comes despite the combined bailout package that the European Union, International Monetary Fund, and European Central Bank created for Greece in May, and despite the ECB s continuing program of buying peripheral EU countries bonds.

The bailout packages are, in this light, impressive achievements.

Hank Paulson, who came to America s Treasury from the strongest US investment bank, Goldman Sachs, made the purgation gamble in allowing Lehman Brothers to go under. He argued that the US could not tolerate a bailout culture.

Absent a foreign bailout, no other solution was on offer.

First came the Greek crisis, followed by the Greek bailout.

The reality of the 1976 bailout is even more complicated.

Spend in haste, repent at leisure America s latest bailout plan

Here is where the latest Irish bailout is particularly disconcerting.

The bailout of banks led to a wave of mergers.

Reacting to the US bailout plan, a Filipino academic writes

The system had reached a point where it had to be bailed out and restructured. And there is no realistic political or legal scenario where such a bailout could have been executed without some blood on the streets. Hence, the fall of a large bank or investment bank was inevitable as a catalyst to action.

Nations everywhere are starting to implement aggressive stimulus and bailout packages.

A recent example is the Greek bailout agreement of May 2010.

Holders of Greek debt maturing now are repaid courtesy of the 110 billion bailout program, and holders of Irish bank bonds have been given a guarantee by the Irish government, whose promises have in turn been underwritten by the EFSF.

Another conservative accusation is that a bailout would infringe free trade rules.

So, despite revulsion on the part of Germany and the European Central Bank at the idea of a bailout, Greece needs large official financial support this year at rates that are not unsustainable to prevent its current illiquidity from devolving immediately into insolvency.

French President Nicolas Sarkozy, meanwhile, secured eurozone participation in a bailout for Greece.