https://internationalviewpoint.org/ International Viewpoint, the monthly English-language magazine of the Fourth International, is a window to radical alternatives world-wide, carrying reports, analysis and debates from all corners of the globe. Correspondents in over 50 countries report on popular struggles, and the debates that are shaping the left of tomorrow. en SPIP - www.spip.net https://internationalviewpoint.org/local/cache-vignettes/L144xH25/siteon0-da713.png?1745245334 https://internationalviewpoint.org/ 25 144 https://internationalviewpoint.org/The-Next-Banking-Crisis https://internationalviewpoint.org/The-Next-Banking-Crisis 2012-02-02T07:46:50Z text/html en Hugo Radice <p>In the ongoing Euro-crisis, our political leaders are constantly criticized for ‘playing catch-up' and not being ‘ahead of the curve' (although others might feel that they are completely round the bend). Perhaps, therefore, it is time to look up from the turmoil in the sovereign bond markets and the counsels of the European Union, dust off the crystal ball, and look forward to the next banking crisis. For it is becoming increasingly clear that banks across Europe face a much more serious problem than a 50 percent haircut on their holdings of Greek government bonds; and that problem goes to the heart of what is wrong with the current culture and practices of the financial sector.</p> - <a href="https://internationalviewpoint.org/-IV445-February-2012-" rel="directory">IV445 - February 2012</a>