Europe is not a lost continent, but a set of countries who are dealing with a crisis of confidence stemming from the awareness that its social system needs to be overhauled and modernized.
The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan. Read Post
A top European Central Bank official says the 17 countries that use the euro need an “urgent overhaul” of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restruc... Read Post