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What Has the Eurozone Learned from the Financial Crisis?

Harvard Business Review

This month marks the 10-year anniversary of the Lehman Brothers collapse, the prelude to the worst global financial crisis since 1929. Back in January 2009 European officials assumed that the crisis was purely a U.S. Yet the place where the crisis had originated, the U.S., How could a crisis that started in the U.S.

Crisis 8
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Solving the Debt Crisis May Be Europe's Biggest Step Forward

Harvard Business Review

For the past 18 months, European policymakers have been trying to deal with a crisis that represents the biggest challenge to the European integration project since its creation after World War II. Moreover, European banks are in a difficult position. The very symbol of it — the euro — is under threat.

Crisis 14
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Question the Euro Crisis

Harvard Business Review

After more than 18 months, a dozen and a half summits, multiple rounds of austerity, a trillion dollars of liquidity, and now elections in Greece and France that threaten to overturn the fragile policy consensus in Europe, the Euro-crisis rumbles on. Second, we need to ask what is this a crisis of ? It is a necessity.

Crisis 11
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Will Greece Survive the Crisis?

Harvard Business Review

Greece is unquestionably in a catastrophic spiraling economic, social and political crisis. Going forward, I hope that the current experiment in consensus building among the two major parties will succeed and will serve as a prototype for coalition governments in Greece in the future. Consumption continues to drop.

Crisis 14
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Why We Didn’t Learn Enough From the Financial Crisis

Harvard Business Review

Within the economic mainstream, there is some sympathy for the idea that crisis interventions can create “moral hazard” by bailing out the irresponsible. You have Rothbard saying it was a great mistake not to let the whole banking system collapse. in the early 1930s. This is where the Austrians surely have it right.

Crisis 8
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How Corporate Boards Connect, in Charts

Harvard Business Review

Carroll from the University of Victoria to show how companies’ boards interlock and to study the implications for when a crisis hits. We plotted shared directorships among 176 large companies in 1976 and 2013, two years that followed a major global economic crisis. Regional networks did not form in reaction to the 2008 crisis.

Crisis 8
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Biometrics Won’t Solve Our Data-Security Crisis

Harvard Business Review

Individuals need to trust that the same verification data they use to authenticate with their bank won’t also be shared with third parties looking for specific and marketable data. Unfortunately, it would be naïve to believe that a self-regulating approach to these types of data collection behaviors will work.

Crisis 8