Purging the toxins

By Daniel Dăianu - 27.09.2008 / 20:35 CET

Deregulation was the root cause of the financial crisis; more regulation is needed to uproot the causes.

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Rehn slams eurozone credit rating downgrades

S&P strips France and Austria of AAA status; Cyprus and Portugal downgraded to 'junk'.

Rise in French borrowing costs weighs on sentiment.

Move follows rating agency's decision to downgrade France and Austria; Mario Draghi warns of “very grave state of affairs” in eurozone.

Finance ministers agree with Commission that Hungary has not done enough to reduce its deficit.

Latin America's financial woes led to a ‘lost decade'. The situation in Europe today looks much worse.

Move follows rating agency's decision to downgrade France and Austria; Mario Draghi warns of “very grave state of affairs” in eurozone.

S&P strips France and Austria of AAA status; Cyprus and Portugal downgraded to 'junk'.

Second rescue package nearly finalised.

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