https://www.scmp.com/rss/323881/feed Klaus Regling is the founding Managing Director of the European Stability Mechanism (ESM). He has worked for 40 years as an economis, including a decade with the IMF in Washington and Jakarta. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Europe’s sovereign debt crisis was a stark reminder that modern market economies can still be shaken by such highly disruptive events. The period of upheaval, which is now well behind us, was preceded by what some might argue was an earlier crisis of similar scale: the collapse of US subprime mortgage markets. And while Asia survived these two crises relatively unscathed, the continent too has known periods of severe financial turmoil. Everybody still vividly remembers the Asian financial crisis... https://www.scmp.com/comment/insight-opinion/article/2062348/european-stability-mechanism-reassuring-safety-net-ready-act?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2062348/european-stability-mechanism-reassuring-safety-net-ready-act?utm_source=rss_feed Sun, 15 Jan 2017 20:02:07 +0000