Fri 01 Jun 12 | 11:30 AM ET

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Europe Needs to Allow 'Freedom to Fail'

Fri 01 Jun 12 | 11:30 AM ET

"We need a huge purge of insolvency of the banking sector, financial sector right across the European Union," Declan Ganley, Libertas chairman, told CNBC. "We need to let capitalism work once again. For the freedom to succeed in the European Union in business you have to allow and guarantee the freedom to fail."

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European Union | Ireland | Debt Commercial Banks

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Is the Bond Market Ignoring the Fed? Thu 20 Jun 13 \| 05:50 AM	US and EU Could Have 'Biggest' Trade Deal Ever? Thu 20 Jun 13 \| 05:45 AM	Cisco CEO: The US Tax System Is 'Broken' Thu 20 Jun 13 \| 04:30 AM	Cisco CEO on Record Revenue Growth for Two Years Thu 20 Jun 13 \| 04:30 AM	Should Sony Split Its Businesses? Thu 20 Jun 13 \| 04:20 AM
Will the Euro Zone Stabilise In Q3? Thu 20 Jun 13 \| 04:00 AM	Otkritie Fin CEO: The Concern for Russia Is Slowing Growth Thu 20 Jun 13 \| 03:30 AM	Money Must Go into Europe's Infrastructure: SEB Bank Thu 20 Jun 13 \| 03:20 AM	Russia Needs Business Clarity: TUI Chairman Thu 20 Jun 13 \| 03:15 AM	European Markets Open Sharply Lower Thu 20 Jun 13 \| 03:00 AM
There Must Be Downside to Taking Risk: UK Lawmaker Thu 20 Jun 13 \| 02:40 AM	Philips CEO: We are Stepping Up Research Thu 20 Jun 13 \| 02:30 AM	Market Is Getting Ahead of Itself: UBS's Haefele Thu 20 Jun 13 \| 02:20 AM	Is Japan an Opportunity at This Price? Thu 20 Jun 13 \| 02:20 AM	Dixons Retail: I Look Forward to Another Good Year Thu 20 Jun 13 \| 02:05 AM
Markets Have Misunderstood the Fed: Pro Thu 20 Jun 13 \| 02:00 AM	No Question the US Is Recovering: IHS Thu 20 Jun 13 \| 01:50 AM	Alcatel Lucent CEO: Refocusing on Growth Engines Thu 20 Jun 13 \| 01:40 AM	Aton: Domestic Economy Slowing in Russia Thu 20 Jun 13 \| 01:15 AM	Ramping Up Investments in Russia: Schneider Electric Thu 20 Jun 13 \| 12:45 AM
Russia Must Engage With World: McGraw Hill Thu 20 Jun 13 \| 12:32 AM	Ericsson's Strategy: Live From St Petersbug Forum Thu 20 Jun 13 \| 12:19 AM	China Focusing on Quality of Growth Thu 20 Jun 13 \| 12:12 AM	Asian Markets Re-Pricing on Fed Announcement Thu 20 Jun 13 \| 12:05 AM	Looking for a REIT to Invest In? Wed 19 Jun 13 \| 11:19 PM
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Europe Needs to Allow 'Freedom to Fail'

Europe Needs to Allow 'Freedom to Fail'

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