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It is hard to imagine any other event, except for war, that could have caused more economic damage. It was with these words that David Wright, former Deputy Director General, Internal Markets at the European Commission, described the recent financial crisis. David Wright was guest speaker at the 11th monthly finance lunch organised by the Luxembourg based Institute for Global Financial Integrity (TIGFI). No fewer than 7 ambassadors were present, alongside TIGFI president Jacques Santer, to hear David Wright tackle the theme: Repairing the global financial system: are we are on track? If not, what are the consequences of failure? Fired by the liberty of his new position as Visiting Fellow of St Antonys College, Oxford, David Wright gave a forthright...
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