BriefingAsia-Pacific

Corridors of Power: The EU’s New Financial Doctrine, Training the Afghan Police, and More

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CONFRONTING THE CRISIS — An EU financial doctrine and a new set of EU regulations for executive compensation in the banking and financial sector have emerged out of the financial chaos of the last week, French Finance Minister Christine Lagarde said in Washington on Friday. The new doctrine says EU governments will protect their financial institutions, safeguard the taxpayers’ interests, put in motion a reform of the financial sector, guarantee bank deposits, and take a short term stake in financial institutions to help their recovery. The European Union’s 27 member states will apply the financial doctrine according to their needs […]

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