Financial Experts are assessing the consequences of the slowdown in China and Europe’s readiness to cope if another financial crisis were to occur. Ten years ago in 2008, the world was experiencing a global recession, which ever since all countries have slowly been improving on since.
Officials were quick to assure Europeans of the more robust and healthy system in place today, which is much better equipped than circumstances a decade ago. Even now, large corporations and lenders who were at the core of the disaster are still more weary to grant loans, and according to a recent confidence report taken by key EU lenders, investors still feel less confidence than in previous times.
With regulators working hard to ensure greater transparency within the banking sector, to what extent will be protected in the event of another economic crash?