1. WEED PeWa Peter Wahl World Economy, Ecology & Development Association Berlin Seoul 7./8. July 2010 The EU Agenda for Financial Reform

2. Legislation (directives) done or underway improvement of deposit insurance Improvement of „Savings directive“ European supervision directive on Hedge Funds WEED PeWa

3. Legislation announced derivatives Credit rating agencies Renumeration Bank levy speculation on commodities WEED PeWa

4. Other projects Emergency plan for Greece Emergency plan for Euro Strict control of national fiscal policies De facto change in ECB mandate WEED PeWa

5. Problems Euro-Zone vs. non-Euro zone UK and the City vs. the rest Foreign debt model vs. Domestic based export model vs. Domestic demand internal contradictions imbalances and conflicts of interest WEED PeWa