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Open Letter to European Leaders on Europe's Banking Crisis

Posted on October 02, 2008

A call to action on Europe's banking crisis:Open Letter to European leaders on Europe's banking crisis: A call to action, by Alberto Alesina, Richard Baldwin, Tito Boeri, Willem Buiter, Francesco Giavazzi, Daniel Gros, Stefano Micossi, Guido Tabellini, Charles Wyplosz, Klaus F. Zimmermann: Europe is in the midst of a once-in-a-lifetime crisis. Every European knows what happened when financial markets seized up in the dark years of the 1930s. It is not an exaggeration to say that it could happen again if governments fail to act. We are not predicting that it will happen, but it is critical to k...

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economy , fiscal , policy , regulation