Apart from that, exaggerations in one direction or the other are ultimately dangerous for the players in the financial markets themselves - as has been revealed yet again precisely here during the past few days. II What can be done against financial turbulence? First and foremost, financial crises are not an ineluctable fate. Internal weaknesses or shortcomings nearly always play a considerable role.
Conversely, it is also true to say that there is no universal patent remedy. But this much is certain: long-term domestic stability and, above all, the enduring credibility of internal policies are the best protective measures. Whatever we currently discuss with great seriousness and commitment at the international level, even the best possible architecture for global finance needs sound foundations.