New U.S. President, Same Old Problems

November 10, 2008

American politics took center stage last week, but the message President-elect Barack Obama had for U.S. citizens could be applied across Europe as well. It took nearly a decade to create the market dynamics that have resulted in the present economic situation, and it will, consequently, take some time to get out of this mess. Obama, on the campaign trail, has said that Americans will have to tighten their belts in the meantime.

The full article is available to Structured Finance News subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.