Building a new monetary, financial and energetic framework through an international negotiation

A. Understanding the deep causes of the crisis 1. The current financial crisis is a proof of the lack of global governance. The crisis is about much more than the shortcomings of national banking regulations. It has forced the European Union to act as one. Once again, the EU moves forward thanks to the disequilibria that its very existence creates and which make it progress. The creation of the euro had raised the question of the coordination of economic and fiscal policies. Member states (...) read