What is common between US & EU banking system?

Recent economic crisis has affected banks in US, EU equally. Example: Iceland, the country is teathering close to national bankruptsy; few banks in UK, France, Germany, Switgherland have been rescued from melting.

-Were the banks in EU and US were following same policies or systems?
-If so, when did EU banks started following US bank's principles?

-And who forced EU banks to follow US banking system?
-Was it WTO?

I would like to know answer to these questions, and media just keeps repeating same thing again and again. When i come across a serious article, I do not know what is the motives of writer because money is too real.

No comments: