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EUROPE’S BANKING CRISIS: A CALL FOR ACTION

I add below letter from a group on European economists calling for coordinated action in Europe to capitalize the financial system. At the bootom there is web address to sing it and support it.

Alberto Alesina Richard Baldwin Tito Boeri Willem Buiter Francesco Giavazzi Daniel Gros Stefano Micossi Guido Tabellini Charles Wyplosz Klaus F. Zimmermann

1 October 2008

This is a once-in-a-lifetime crisis. Trust among financial institutions is disappearing; fear may spread. Last week