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To be Fair and Accurate™, that's two years old (though it may still be their position).

The measures they go on to suggest are:

  • drastic reduction of financial exec and trader remuneration
  • Tobin tax
  • financial instruments to be accredited by a European testing agency
  • ban on naked short selling
  • mark to market valuation to be "reformed"
  • accreditation, transparency, control of hedge funds to be "tackled" at European level
  • tax havens to be closed, tax fraud and evasion prevented
  • delay on new investors' voting rights (presumably anti-LBO)
  • all financial institutions to contribute to a reserve fund guaranteeing deposits up to €100K
  • restriction of off-balance-sheet accountancy
  • establishment of an independent European ratings agency
  • creation of a European financial markets watchdog with teeth
  • EU-level coordination to diminish the effects of finance sector crisis on other sectors of the economy
  • anti-cyclical budgetary measures
  • "sufficient liquidity must be provided by the European Central Bank"

That wasn't a bad list, two years ago. Now some of it may look like the stable door after the horse has bolted.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Nov 26th, 2010 at 05:20:37 AM EST
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afew:
To be Fair and AccurateTM, that's two years old (though it may still be their position).
To be fair, I went to their website looking for their position on the financial crisis, or press releases, or news about Cohn-Bendit's remarks... and I found that the most recent position is from 2008...

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Nov 26th, 2010 at 05:23:10 AM EST
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Entirely agree. The Greens/EFA site is no better. Though DCB appeared to be at a press briefing in Strasbourg, there's no corresponding press release.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Nov 26th, 2010 at 05:57:44 AM EST
[ Parent ]
Oh, and the European United Left/Nordic Green Left site is even worse on economic policy generally and the financial crisis in particular.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Nov 26th, 2010 at 06:01:00 AM EST
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Notice the post timing. Now found in separate diary Here.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin
by Crazy Horse on Fri Nov 26th, 2010 at 07:43:01 AM EST
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