Davos Open Forum 2010 - After the Financial Crisis: Consequences and Lessons Learned

http://www.weforum.org 28.01.2010
The financial crisis has caused an economic crisis around the world. Drastic state measures have prevented the collapse of the economic system: governments have established rescue funds for failing banks or nationalized banks for relaunching economic growth. At the same time, central banks have intervened with important injections of liquidity and have lowered interest rates.

What were the causes of the financial crisis?

In the future, how can such crises be prevented?

What effect will state measures have in the long term?

What will a global adjustment of the financial system look like? Who should develop and apply the rules?

This session is co-organized with the Federation of Swiss Protestant Churches (SEK-FEPS).

Ziya Akkurt, Chief Executive Officer and Board Member, Akbank TAS, Turkey
Christine Lagarde, Minister of Economy, Industry and Employment of France; Member of the Foundation Board of the World Economic Forum
Patrick Odier, Chairman, Swiss Bankers Association, Switzerland
Nikolaus Schneider, Vice-Chairperson of the Council, Evangelical Church in Germany, Germany
Juan Somavia, Director-General, International Labour Organization (ILO), Geneva; Global Agenda Council on Employment & Social Protection
Joseph E. Stiglitz, Professor, Columbia University, USA

Moderated by
Stephan Klapproth, Anchor, Ten O'Clock News, Swiss Television SF DRS, Switzerland

Category:

News & Politics

Tags:

• Open
• Forum
• World
• Economic
• Annual
• Meeting
• 2010
• WEF
• Davos
• Davos10
• commentary
• analysis
• news
• Christine Lagarde
• Patrick Odier
• Nikolaus Schneider
• Joseph E. Stiglitz
• Stephan Klapproth
• Juan Somavia

[naturesuphoria]

I wanted to reach out to anyone that loves Hair as much as me!

[MegF142857]

Greed filled and corrupt individuals have rampaged through the economies spreading chaos in their wake. Governments that bleed their populations while failing to provide protection. Power elite deciding to take from one group to give to another in their view of "fairness". These leaders fear the bankers jamming up the system. They fear the sheeple rebelling & saying "enough". Middle is bled. -- Interesting talk and impressive group of multi-lingual smart folks. But... they still FAIL big time!

[grimyguerilla]

Excuse me, maybe I got it wrong but: WHERE THE HELL IS THIS AN OPEN FORUM ????????!!!!!!!!!!!!!!!!! Capitalism kills and so does Globalisation! Stop invading countries for their resources you're all fat enough, time to share now!

[Allisa4757]

Finally I heard an well known American Economist tell the truth about my economy. It is such a relief to hear the truth from them.

[XxJose201xX]

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[TedDGPoulos]

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Great personal, economic and societal advantages exist to identifying the underlying law of nature first hand, for oneself, then understanding its principles and, finally, applying it.

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[havock89]

I like what Benedict XVI said. That any economic structure can only work properly and healthily if morality is injected from outside of it by the people who are part of that system.

Humanities failures always come down to the failures of humans.

[havock89]

@estorpai That is utter nonsense. Africa is the least corrupt? Doubt it, or almost 1/3 of the population would not be HIV positive.

[Mojo1982]

@estorpai

The Western media serves Western interests.... Half of the US intelligence budget is on propaganda and manipulating opinions & views of the world.

[estorpai]

If the corruption index is done by a Non Westerner,then the result will be outrightly clear.

THE MOST CORRUPT NATION IN THE WORLD IS USA,THE ONLY REASON YOU do not hear it is because,the corrupt guys own their media,and this corruption is institutionalised.Thus,lets say legalised corruption. PLAIN AND SIMPLE. AFRICA IS THE LEAST CORRUPT PLACE IN THIS PLANET.