Club Mines-Ponts-Télécom Finance<br />The consequences of the financial crisis for Europe

The crisis that began in 2007 primarily reflects the excesses of private finance, with a spectacular rise in private debt in industrialized countries. To reduce overall risk and spread risk over time, public authorities intervened heavily, raising questions about the future of public debt. The financial sphere has been affected by these upheavals and imbalances, creating two major issues: 1 - The banking system and the need to reflect on its dynamics. There is no shortage of proposals, particularly in the Anglo-Saxon countries, where discussions on the separation of investment banking from retail banking are well underway. 2 - On the dynamics of growth. The crisis has penalized business, as is generally the case during financial crises. The specificity of the current crisis is that it is taking place at a time when the geography of the economic world is changing very rapidly. The economist will enlighten us on these major issues for Europe. A cocktail will be served at the end of the conference. For subscribers to their respective Associations: €20; for non subscribers or accompanying persons: €35.Please register as soon as possible, preferably online on the Intermines website, otherwise by returning the reply form below, together with payment, before January 16, 2012.


Speakers :
Philippe WAECHTER
Head of Economic Research, Natixis Asset Management