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Quoting the Crisis
18/01/2012
“ To sum up, throughout this European debt and banking crisis, Eurozone leaders have expressed their determination to “do whatever it takes” to restore stability and save the euro. But if one examines the stance the official sector has taken toward banks, it looks much more like Eurozone leadership “takes (sheepishly) whatever its large banks do” – even when those actions are much more in the banks’ narrow interest than in the wider public one. It is high time for a change. „
(
Source:
voxeu.org
)
Morris Goldstein in Stop coddling Europe’s banks | vox - Research-based policy analysis and commentary from leading economists
