Brussels, 31/08/2007 (Agence Europe) - Current upheavals on the financial markets illustrate the risks of a major financial crisis spreading. As financial integration within the EU gathers pace and pan-European banks emerge, is Europe ready to face up to a major banking crisis? As past examples have shown, everything points to such crises, although of a specific kind each time, being extremely costly. Current procedures, which are largely national, complex and based on voluntary cooperation...