New issue of newsletter on EU financial reform

kristy Reforming Global Finance

Editorial: The failure of financial reforms through undemocratic means
Just before the G-20 Summit on 3-4 November 2011 in Cannes, the global financial system was once again at a state of crisis. Serious and escalating problems are coming from the Eurozone and European banks that own bonds from heavily indebted European countries. While the US also is still stuck in deep economic troubles, a new balance of power within the G-20 is clearly shifting further in favour of the emerging countries. The latter might even come to the rescue of the Eurozone whose crisis is affecting emerging and other developing countries. It needs to be seen how long the general solutions being hammered out during the 25-26 October Euro summit will be able to calm the markets, given the lack of details.

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