1. In Case of EMERGENCY.
- Author
-
Weldon, David
- Subjects
- *
DEBT , *ASSETS (Accounting) , *INSURANCE , *CRISES - Abstract
The article discusses the steps taken by world banking authorities and government leaders in connection to the European debt crisis which include crisis monitoring, cash sweeping and asset insurance. It states that flaws in the protection of depositors in European banks were exposed when Greece threatened to leave the European Union. It also states that flexibility is the solution in riding out the current crisis in Europe.
- Published
- 2012