"The banking crisis is scandalous"

Author

Ulrich Thielemann

Date Created

26 Feb 2009

Date Edited

26 Feb 2009 04:50:32 AM

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As financial meltdown hits Europe, a business ethicist tells swissinfo why a "radical change in fundamental economic doctrines" is necessary.

"In recent decades, the financial markets have built a huge casino which the regulatory authorities have let run-or even encouraged. Now it is the citizens who have to pay for the losses. That is a scandal."

to read the interview with Ulrich Thielemann published on October 9, 2008, visit
www.swissinfo.ch/eng/specials/finance_crisis/The_banking_crisis_is_scandalous.html