Some more readings on the financial crisis

Today with a focus on the CEE and the Czech Presidency:
Crisis sparks crucial debates about EU limits
* EU's Almunia defends EU measures for E.Europe
European economy could start recovery this year, commissioner says
Stress tests for the eurozone
recent Kenneth Rogof's New York Times article
EU summit to address divisions
Czech PM urges EU leaders not to "beggar thy neighbour"
EU leaders prepare for economy summit
Credit agency rates Baltic state's bonds as junk
Crisis a test of solidarity between union's old and new members
E. Europe Banks To Get $31 Billion from Lenders
Financial crisis: Banks nationalised by Government - Telegraph

And with a focus on banks' nationalisation:
In knots over nationalisation


BRIEF SUMMARY OF THE DE LAROSIERE REPORT
•The Group strongly supports the view that there should be a single set of core regulatory rules and supervisory standards in the EU
•On corporate governance and remuneration strong recommendations are made
•Concerning crisis management and resolution, the Group considers that the current arrangements are not satisfactory
•It recommends that a clear and transparent framework must be immediately established to manage a crisis – and that all Member States must have the same set of tools and procedures
•Legal obstacles must be removed
•Deposit Guarantee Schemes should be harmonized and pre-funded by the private sector
•And further work must be carried out on burden sharing in the context of a cross border crisis – with the establishment of more detailed criteria in the EU Monetary union
•A new EU function called the European Systemic Risk Council [ESRC] should be set up
•A NEW European System of Financial Supervision (ESFS) – transforming the L3 Committees into EU Authorities

http://ec.europa.eu/commission_barroso/president/pdf/statement_20090225.pdf