The 15th of September 2013 marks the fifth anniversary of the most spectacular bankruptcy of the financial crisis: the collapse of Wall Street investment bank Lehman Brothers.
Back then, European leaders, including European Commission President Jose Manuel Barroso, made bold promises to reform financial regulation in the European Union so that it could never happen again.
But five years on, Europe is as vulnerable as it was on the eve of Lehman.
The financial crisis prompted...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.