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Financial Deregulation in the EU: Crisis or Salvation

  • EU officials are considering easing financial regulation in response to competition and a changing relationship with the US.
  • Dominique Laboureix and Frank Elderson warn against lowering financial protections for the sake of short-term stimulus, citing potential crises and less growth.
  • Laboureix highlights the importance of not repeating the mistakes of the 2008 crisis and the necessity of maintaining financial stability.
  • Elderson emphasizes the need to balance competitiveness with strong regulation and supervision to prevent potential negative consequences.

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