The financial costs of resolving the financial crisis that erupted in September 2008 are now taking a heavy toll on the economy, democracy and society of Greece, Ireland, Portugal and many other countries. It is time that decision makers and the financial sector change their old ways of acting and thinking before the crisis gets completely out of hand.

The new issue of the newsletter EU Financial Reform, edited by SOMO and WEED, is online.

You can view and download it as PDF-document at the WEED homepage:

http://www.weed-online.org/themen/english/4976541.html

The focus of this issue is on the crisis in the Euro-zone.

The main articles are on:
    - the recent speculative attacks against Greece and
       Italy and the EU crisis management;
    - the role of credit rating agencies in the crisis;
    - the new economic governance of the EU;
    - regulation of derivatives;
    - FTT at EU level.

July 22, 2011.