A systemic crisis demands systemic solutions

DRUIDI OBELEŽILI RAVNODNEVNICU U SITIJU

http://news.bbc.co.uk/1/hi/entertainment/7630992.stm

 A systemic crisis demands systemic solutions

By Dominique Strauss-Kahn

Published: September 22 2008 19:32 | Last updated: September 22 2008 19:32

These are exceptional times. Exceptional for what has happened to financial markets and for what has not happened, at least not yet, to the broader economy - the onset of a severe recession. Perhaps it was the absence of the latter that lulled too many into viewing the bursting of the housing bubble merely as a correction, the defaults in US subprime mortgages just as misfortune and the failure of important financial institutions as collateral damage. NASTAVAK NA LINKU

http://www.ft.com/cms/s/0/8629e55e-88a9-11dd-a179-0000779fd18c.html?nclick_check=1