21 Oct 2008

Restoring Confidence

Karel Lannoo

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Some have argued that the financial crisis has set back progress in EU integration by 15 years. CEPS Chief Executive argues in this Commentary that the EU can demonstrate that this is not the case by rapidly drawing the lessons from the crisis and taking it as a challenge for a further step in European integration. He acknowledges that this will require plenty of effort and determination, but it will certainly benefit the EU’s financial services industry and economy.