Speech of Caspar EINEM, President of CEEP

Only the prononced speech shall be deemed authentic.

“These are challenging times.
We are in a situation in which we never wished to be again, and indeed, thought that we wouldn’t: Our financial system has gone out of hand to a degree not seen since the 1920ies; it now threatens to bring down the global economy; an unprecedented policy effort at global level will be required if a hard landing is to be avoided. Our citizens’ confidence in the stability and even legitimacy of the market model is shaken.