Trichet Calls for Action to Prevent New Financial Crisis

The video discusses the differences between European and US banking systems, highlighting the structural disparities and the impact of the 2008 financial crisis. It covers the interconnectedness of global banking, the role of central banks, and the ongoing issue of global indebtedness. The video emphasizes the need for structural reforms and the importance of resilience in the financial sector.

What are the implications of global indebtedness on the economy?

How do structural reforms in advanced and emerging economies differ?

What lessons can be learned from the 2008 financial crisis to prevent future crises?