The Lessons of 2008 Have Left Europe’s Markets Better Protected
- Policy response, though uneven, has heartened investors
- U.S. package, central bank moves reflect 2008-2009 experience
Company trading price movements are displayed on digital screens hanging inside the Euronext NV Paris stock exchange.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
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The convulsions in European markets for the past month have traders looking back to 2008-2009, the last time the financial world seemed on the verge of collapse. The good news this time around is that policy makers are applying lessons learned from that crisis.