Bulletin n. 3/2010 | ||
January 2011 | ||
Karas Othmar |
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The future of Europe: ongoing work on an effective counter-crisis strategy in the European Parliament | ||
in European View , vol. 9, n. 2, December , 2010 , 181-187 | ||
Although the initial economic crisis has passed, its effects are still being felt in Europe. The European Parliament must take a more active role in constructing, negotiating and implementing strategies to lift the European Union (EU) out of the crisis, especially in the decisions made by the Basel Committee. This article also makes further suggestions on what can be done to aid this process, including the introduction of a bank levy, the creation of EU credit market agencies, the strengthening of Eurostat and reformation in the International Monetary Fund and the World Bank. Finally, the author seeks to explain the magnitude and scope of the economic crisis and what measures can be implemented to prevent a similar situation from happening in the future. | ||