In Europe, Thoughts of a Coordinated Response to the Financial Crisis.

Caught off guard by their banks' exposure to the global financial crisis, European governments are considering redrawing the regulatory landscape. And with the financial crisis challenging some of the fundamentals of Anglo-American-dominated capitalism, France's competing vision of a Europe with greater economic coordination is gaining some momentum. Proposals that only a week ago might have looked outlandish are suddenly being taken more seriously. [ABSTRACT FROM PUBLISHER]