Proposals that also include the possibility of private investors participating in the capital of these companies could be looked upon favourably. Moreover, this unprecedented shock could potentially have some banks among its victims. Unresolved issues with the crisis management framework in Europe, then, should be addressed promptly.
The aftermath of the Lehman Brothers’ collapse saw this financial crisis spreading across the globe. In November last year, therefore, the Heads of State or Government of the G20 countries met in Washington to step up international cooperation to address the ongoing crisis.