Those who never liked 'Anglo-Saxon' capitalism are feeling smug. Marxists, fans of 'Rhineland' capitalism and those who simply cannot stand American power are crowing.
"The US will lose its status as the superpower of the world financial system," says Peer Steinbruck, Germany's finance minister.
"Self-regulation is finished. Laissez-faire is finished. The idea of an all powerful market which is always right is finished," says France's president, Nicolas Sarkozy.
The British ...
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Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.