The Post-Crisis Global Economy in Three Words
Pisani-Ferry, Jean. Five years have passed since the collapse of the American investment bank Lehman Brothers triggered financial mayhem and marked the onset of the Great Recession. Though the dust may not have fully settled, three catchwords sum up what we have learned so far – and what remains to be done. Πηγή: www.project-syndicate.org πλήρες κείμενο
Saving Europe’s Real Hegemon
Sinn, Hans-Werner Last June, the European Commission announced its about-face on bank restructuring. The money for recapitalizing distressed banks would now come primarily from creditors, not European taxpayers, with a pecking order to specify which lenders would be repaid first. All of this is welcome, at least in principle. In practice, however, the scheme leaves […]