Nationalizing Banks Will Not Restore Health To The Banking Sector, Economist Warns
Thursday, October 30, 2008 - 08:28
in Mathematics & Economics
The current credit crisis has intensified politicians’ interest in the goings-on in the financial sector. Research has shown that quick and decisive action on their part is needed to avoid serious economic consequences of the current banking crisis. Economist Thorsten Beck issues words of caution about the wave of nationalization of banks in Europe.