In 2008, the biggest crisis since the Great Depression of the 1930s broke out. To prevent the financial system from crashing, it was decided to keep most banks afloat with government guarantees and taxpayers' money. Almost a decade later, the crisis seems to be completely behind us and the economy is growing again, while various safety nets and procedures have been put in place at the European level to deal with a future crisis more effectively.
How do the European government leaders and central bankers of the past look back on this period? In the new documentary The Eighth Day, Wouter Bos, Nout Wellink, Jan-Peter Balkenende, Yves Leterme and Jean-Claude Trichet, among others, tell how they experienced this period. The documentary also looks ahead to the future. Do we have to worry anymore? Or can it all go wrong again like after the collapse of Lehman Brothers?
The documentary was made via this link can be viewed on the website of the NPO.
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