Europe Looks for a Financial Crisis Plan at izbrano

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Europe Looks for a Financial Crisis Plan

Spiegel - The European Union is divided about whether a bailout plan for European banks is needed. France allegedly proposed such an idea, but Germany isn’t biting. Meanwhile, more and more banks are parking their money at the European Central Bank.

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Crisis Creates a New German Politics

Spiegel - The effects of the worldwide economic crisis are leading to a new globalization in politics. German Chancellor Angela Merkel is seeking unity in Europe to deal with the financial crisis, while at home consensus and cooperation are the new watchwords. Is it the beginning of a new politics?

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Hedge fund chiefs blame the system for financial crisis

Financial Times - The statements by George Soros and others suggested that hedge fund executives and lawmakers were reaching a consensus in the wake of the credit crisis that the status quo, in which the funds largely escape scrutiny, was no longer tenable.

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Keynes is innocent: the toxic spawn of Bretton Woods was no plan of his

Guardian - As the global financial crisis deepens, the rich nations will be forced to recognise that their problems cannot be solved by tinkering with a system that is constitutionally destined to fail. But to understand why the world economy keeps running into trouble, they first need to understand what was lost in [...]

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