Crises expert urges EU banking system plan

Urban Bäckströ, the architect of a widely respected plan that solved Sweden’s banking crisis in the 1990s said December 2008 the European Union must implement a Europe-wide general guarantee for the banking system or risk tipping the region from recession into depression.

Finance & Development, Vol.45, No.4, December 2008: Stockholm Solutions http://www.imf.org/external/pubs/ft/fandd/2008/12/ingves.htm

Confederation of Swedish Enterprise: Press Release, 5.12.08: Europe needs a general guarantee for entire banking system http://www.svensktnaringsliv.se/english/pressreleases/article67416.ece

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