Big banking houses in Europe: (How they moved) Away from servicing the real economy

For about a year a different music has been playing in Brussels. The previous tune, about the urgent need to reform the financial system, has been replaced by a chorus of lobbying to lighten bank regulation and boost investor appetite. In the name of jobs and growth, financial reform has fallen down...

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Veröffentlicht in: Wirtschaftspolitik : Standpunkte (2015; Heft 1; S. 21-23)
VerfasserIn: Fares, Aline
Ort / Verlag / Datum:2015
Erscheinungsjahr:2015
Sprache:Deutsch
Online-Zugang:Volltext
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Zusammenfassung:For about a year a different music has been playing in Brussels. The previous tune, about the urgent need to reform the financial system, has been replaced by a chorus of lobbying to lighten bank regulation and boost investor appetite. In the name of jobs and growth, financial reform has fallen down the priority list, even though fundamental problems with our financial system remain unsolved. So much has been written about the impact of the 2008 financial crisis on Europe that one tends to forget how astonishing the series of events was. To recap: early reports of a problem with the US subprime real estate market quickly led to stories of massive evictions and US families being turned into the streets. The crisis then spread through our global and interconnected economy, leading to the worse financial crisis in Europe since the 1930s.
Hierarchiestufe:Unselbständig erschienen
Erscheinungsform:Unselbständig erschienen
Inhalt:Text
Medientyp:Computer
Datenträger:Online