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The Fairy-tale of the End of the Financial Crisis
by David Stein, June 1, 2017
https://www.indybay.org/newsitems/2017/10/09/18803518.php
Between 2008 and 2010, the EU Commission approved state aid of 4.3 trillion euros. The potential crisis of the global economy has grown and not declined. A system crash was prevented by the concerted actions of central banks and states. However only time was gained. We face a new thrust of the massive volatility of the financial markets.
The challenge of the left is to free the state treasury from captivity as a hostage of the banks. The financial institutes must be regulated as causal agents of the crisis and saddled with the bill.