Friday, September 26, 2008
“Some banks in the Netherlands, Germany, Britain and other countries are running into difficulty be
'Europe Should Establish A Rescue Fund' In Europe, too, banks could suddenly find themselves in trouble. Europe needs to find a way to handle this, argues ex-banker and finance professor Dolf van den Brink.
Dolf van den Brink is an experienced banker. He lived through the Latin American debt crisis, the currency crisis that hit the European Monetary Fund, the fall of the British pound in 1991, the Russian crisis of 1997 and the Asia flu in 1998. But he has never seen anything that compares with what is happening with the current financial markets crisis on Wall Street.