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EU member states decided in 2012 to increase the European Investment Bank's capital by €10bn (Photo: EIB)

Financialisation is on the march again

It is very much open to question whether Albert Einstein could have got his head around the exotic financial instruments, the notorious ‘casino’ paraphernalia, that brought the global economic house down in 2008.

But consider some practical advice of his: “We cannot solve our problems with the same thinking we used when we created them.”

Then consider a recently proposed financial scheme, hatched in Brussels and Luxembourg reputedly with backing from the UK, Germany and France and...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

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.

EU member states decided in 2012 to increase the European Investment Bank's capital by €10bn (Photo: EIB)

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Author Bio

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.

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