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Europe to the rescue of the world economy
The summit of the 20 most developed and emerging countries in Washington on 15th November was the sign of a unique consensus with regard to establishing regulation, true transparency and monitoring of the financial system, the lungs of the world economy. We would be wrong to underestimate the...
The New American Challenge
Europe is expecting a great deal of the election of the new American president. Many Europeans who hope for Obama’s victory also hope that he will put the failures of the Bush administration far behind him. However this cannot be guaranteed. America, whoever is elected on 4th November, will...
Finally the Eurogroup steps in
The euro is one of Europe's greatest achievements. It has protected it well from many storms by providing the world's leading economy with the currency it needed. It might enable it to provide  thedecisive means to emerge from the financial crisis. The decisions taken by the Eurogroup on...
Urgency means confidence
We would be wrong to think that the financial crisis only involves the Americans or certain careless stakeholders of the globalised world. Although the loss of confidence in the financial system began in the USA it may very well contaminate the strongest institutions because of its systemic...