Open Letter to European Leaders on Europe’s Banking Crisis: A Call to Action

[Full text of articles can be found in the Intereconomics Archive two years after the initial publication]

Letter begins: This is a once-in-a-lifetime crisis. Trust among financial institutions is disappearing; fear may spread. Last week’s US experience showed that saving one bank at a time won’t work. A systemic response is needed and in Europe this means an EU-led initiative to recapitalise the banking sector. Unless European leaders immediately unite to address this crisis before it spirals out of control, they may find themselves fighting over how best to salvage the aftermath.

Intereconomics: Archive http://archive.intereconomics.eu/years/

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