Thus, what we need to prevent future crises is a more dynamic approach to regulation and oversight--one that is strong precisely when market forces become weak.
Some of the more pessimistic commentators see the recent credit excesses as the inevitable consequence of a system based on paper money and call for the return of the gold standard to prevent future crises.
Berlin's aim is to perfect the monetary union by ensuring countries adhere to rules designed to prevent future crises by addressing what are seen as the causes of the current one: government overspending and excessive risk-taking by banks.
Mrs Merkel said she would press for the EU to amend its treaties to strengthen its ability to prevent future budget crises.
With the stock market losing approximately half its value in 17 months, talk is rampant about how best to regulate businesses and capital markets to prevent future financial crises.
MEPs also heard from European Council president Herman Van Rompuy, who argued that the combined pressure of EU institutions, fellow member states, and markets would help to prevent future debt crises.
The draft law - already approved by the Council of Ministers and debated by MEPs on 21 September 2010 - would improve co-ordination between EU gas suppliers to prevent future gas supply crises, as happened in 2008 and 2009.
The 10-year plan is designed to strengthen the eurozone and prevent future crises, but critics say it will not address current debt problems.
In addition, as part of our efforts to protect against future crises, I'm also proposing that we prevent the further consolidation of our financial system.
But Mr Lula and other heads of developing nations will be more than happy to vote for new rules, on issues such as bonuses, if they think it prevent future crises from spreading.
应用推荐