Thomas Ferenczi, rédacteur en chef du quotidien français Le Monde de Bruxelles, décrit lapproche de lUnion européenne pour gérer la crise fiscale globale audacieuse. Ferenczi croit que léchec des marchés fiscaux du monde entier représente léchec de lidéologie du libre marché aux Etats-Unis. En luttant contre cette crise, le modèle européen traditionnel dun marché économique social simpose comme un modèle à suivre selon de nombreux responsables à Washington. Selon Ferenczi, le leadership et les initiatives venant de France, du Royaume-Uni et de la banque centrale européenne sont des signes encourageants.

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Yves Tiberghien, Professor in the Department of Politics at the University of British Columbia, addresses a similar point in predicting that we are seeing a period of transition in global hegemonic power notably a weakening for the US and a strengthening in China. For him, the role of the EU has been positive with regard to innovative policy responses developed by Brussels and a strong French-British axis providing leadership in managing the crisis. According to Professors Huebner and Tiberghien Germany can be seen as a loser of the current crisis both in terms of its influence in the EU and with respect to the fundamental challenges to its economy.

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Thomas Beschorner, DAAD Professor at the Centre canadien d'études allemandes et européennes, Université de Montréal, analyzes the current financial crisis from an ethical point of view. First, he argues that the origin of the financial crises is not merely and not mainly an economic crisis but a crisis of confidence. Second, Professor Beschorner demonstrates that (privately owned) corporations can be seen as quasi-public organizations with responsibilities that go beyond pure profit maximization. Here, he regards the incentive structures within banks as a source of mismanagement and, thus, as an important factor in the current situation. Watch the video if you want to know why good capitalism is like good soccer.

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