Introduction / Mathias Dewatripont, André Sapir and Khalid Sekkat -- How much has LDC trade affected Western job markets? / Richard Freeman and Ana Revenga -- Relative prices, trade and restructuring in European industry / Damien Neven and Charles Wyplosz -- Labour market effects of trade with...

Banking has grown too much in Europe - in three senses. First, the European banking system has reached a size where its contribution to real economic growth is likely to be nil or negative. Second, the European financial structure is biased towards banks (rather than securities markets), which...