Publication
7 Oct 2008
Turmoil is spreading across European financial markets as political leaders fail to understand the systemic nature of the problem they face. Uncoordinated rescue operations, far from restoring confidence, are further fueling fears among savers and investors, and pushing Europe toward a full-fledged banking crisis. Behind the banking crisis, the likelihood of a serious economic downturn looms ever larger.
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English (PDF, 2 pages, 58 KB) |
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Author | Daniel Gros, Stefano Micossi |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2008 Centre for European Policy Studies (CEPS) |