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.