Top of Mind

Is Crisis Returning to Europe?

Does another financial crisis loom in the Eurozone? The Financial Times says that Europe’s banking system was never cleaned up after 2008.

Bloomberg Business says that a crop of new bank CEOs in Europe have a small window to resolve the challenges of slow growth, new regulations, and surging financial technology startups: “Since the fall of Lehman Brothers in September 2008, eight of Europe’s biggest banks have announced layoffs adding up to about 100,000 employees, paid $63 billion in legal penalties, and lost $420 billion in market value."

In Global Network Perspectives, HEC Paris’s Oliver Klein said that the structure of the Eurozone increases the risk of a crisis. But in a Yale Insights discussion, a panel of experts found some reasons for cautious optimism.