AK position on the European Financial Supervision[12-08-2009]
The AK is very worried about the developments in the financial markets, which have a tremendous impact on the real economy and as a result on the labour force. The AK is therefore of the opinion that urgent regulatory measures are required, including the ban of certain products at European level, to come to grips with the economic crisis. The AK and the European Commission both believe that a comprehensive granting of aid can only build trust if the cause of the crisis is analysed and channelled properly. The communication is thereby a first approach, which, however, has to be implemented in combination with other measures (regulation of hedge funds, control of derivative trading, stricter requirements for granting aid).
Policy Papers | Economic
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