Can Europe take care of its own financial crisis?

Europe’s new crisis plan will hopefully stop the panic. This column explores the remaining issues – the sharing the burden of transnational bank losses and restarting the inter-bank lending market. It suggests a technical change to the guarantees that would produce a better result.

2 Responses to "Can Europe take care of its own financial crisis?"

  1. Guest   October 15, 2008 at 1:35 pm

    Considering so many owners of the FRB live in Europeyou can be sure it wil be allright because otherwise the europeans will hang the bankers and politicians upside down on meat hooks. Which is what should be done in the U.S.

  2. Guest   October 17, 2008 at 6:03 am

    The collapse of the Spanish housing sector hasn´t even started yet properly; Ms Merkel will by then be busy rescuing the German car industry, while Mr. Berlusconis love for Europe is already known. If there´s “no fiscal solidarity” now, what is it supposed to be like when everyones pockets are empty?