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Europe Daily Bulletin No. 9639

10 April 2008
A LOOK BEHIND THE NEWS / A look behind the news, by ferdinando riccardi
Financial crisis was “unavoidable” and may even turn out to be positive

The opinion of Valéry Giscard d'Estaing. I get the impression of being less isolated. Last year I pointed out that the financial crisis had, despite the problems and difficulties it raised, a positive aspect to it: shattering a perverse way of managing the financial markets and putting an end to unacceptable behaviour. Every time there is news about staggering losses experienced by a given financial institution or about the way equally massive profits were obtained, we have to ask ourselves...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS