"As long as the music is playing, you've got to get up and dance. We're still dancing," former Citi chief executive Chuck Prince notoriously told the Financial Times as the global financial crisis began to unfold in July 2007. He lost his job a few weeks later, but the music still seems to be playing on the other side of the Atlantic. This time, it's the children's party game of passing the parcel. When the music stops, whoever is holding the parcel has to unwrap it. But in the eurozone, nobody wants the music to stop.

The Banker's articles are exclusively available to registered users and full subscribers

Register for FREE limited access to global banking and finance coverage

Gain easy and instant access to:

  • 3 free views each month
  • Latest headlines and trends
  • Weekly e-newsletter




Already registered? Click here to sign in

Need more? An annual subscription to The Banker provides a wealth of banking and finance knowledge covering a wide range of countries, markets and profiles.
Click here to find out more.


By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.