It's been 10 years since the financial crisis reached Europe - when the interbank lending rate jumped up and French lender BNP Paribas froze three of their funds that were invested in US sub-prime mortgages.
Regulators from around the world have reached a compromise on new banking measures, ending a battle that began at the height of the financial crisis and was fiercely contested by banks on both sides of the Atlantic.
The European Commission's package of eurozone reforms was billed as the EU's bold vision for a post-Brexit union. But it comes as Brexit talks verge on collapse and domestic German politics remain up in the air.
Economist Steve Keen specializes in researching how private and public debt mountains arise and generate financial crises. In an interview with DW, he explains how the ECB could solve the problem — but probably won't.
Mario Centeno has been elected as the new Eurogroup president, with the finance ministers praising him for his balancing act between growth and budget discipline that earned him a comparison with football star Ronaldo.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version