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To avoid future crises, he advocates taxing companies' foreign-currency borrowing.Little of this is new.
This crisis may be his one chance to begin transforming the economy and avoid future crises.
A secondary benefit is said to be "creating appropriate disincentives for transactions that do not enhance the efficiency of financial markets, thereby complementing regulatory measures to avoid future crises".
On the threshold of 2013, the debate is more about how long it will take for the euro zone economy to recover and what must be changed to avoid future crises.
BRUSSELS — The European Commission took steps on Thursday to avoid future crises over supplies of natural gas, as new evidence emerged that another of its main energy goals — encouraging biofuels — might need to be revised.
Two top E.U. finance officials gave a push forward to efforts to overhaul governance of the region's banks, easing concerns that the bloc is failing to move swiftly enough to avoid future crises that could sink the euro.
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The key to avoiding future crises and restoring our degraded marine ecosystems may be in looking to the past.
Volcker, who officially assumed the post in 2009, pushed for tougher financial regulations as a means of avoiding future crises.
And in theory, the new framework– offering a vehicle for generating options and galvanizing a bureaucracy that has often failed to produce action in the case of past genocides might be of huge benefit to this and future presidents in avoiding future crises.
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