États-Unis: les vrais gagnants de la crise financière / United States: the real winners of the financial crisis

In this exclusive interview with Jean-Pierre Robin, Jacques de Larosiere, former Managing Director of the IMF and subsequently Governor of the Banque de France, reflects at length on the consequences of the 2008 financial crisis. The English-speaking countries led by the United States and United Kingdom, which had to dip into their coffers to keep their banks afloat, were desperate to avoid a repeat scenario. At their instigation, the G20 decided that banks must substantially increase their own funds so they could better withstand crises. These new rules were designed to meet the specific needs of the US and UK banks, but they apply to all banks across the board. Europe, in particular, lost the battle to defend its interests. The United States not only recovered more quickly than the rest of the world from the crisis it triggered, but also took advantage of the aftermath to bolster its sway over the international financial system - which takes the cake!