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How can a private finance initiative still be a private finance initiative if it is to be financed by a state-backed bank?
The national lottery licence is a licence to print money and is, in that sense, a state-backed monopoly.
There are two related points—protecting taxpayers from private sector risk and protecting the private sector from the unfair competition of a state-backed company.
In 2009, two reports were published advocating the creation of a state-backed infrastructure bank to provide financing to green projects.
These proved so useful the state took over production of this form of paper money with the first state-backed printing in 1024.
First, it is a for-profit entity owned by state-backed companies.
Following their retirement from local state-backed orchestras, the musicians - all friends - decide to reband and record new material over which they will have complete control.
This would involve the creation of a state-backed insurance scheme which would allow banks to insure against existing loans going into default, in an attempt to restore the banks' confidence.
