Is bank control the cure from the crisis?

The end time of the financial and real estate crisis is more or less predictable. The economists anticipate the recovery of financial markets of Western states in the end of the year, as for the others countries; they shall have to wait for another year. But what should be done to avoid crisis in the future?

In the future of the world’s financial market the governments are to play a more significant role. The banks are to anticipate a strict control, for they are denominated as the persona at fault. If the banks wouldn’t have weighed their carefree loaning campaigns with minimal interest – that could have helped to avoid the crisis. But in the other hand, now the economy couldn’t have incurred such a rapid development.

Recently people were able to obtain a habitat at deferred payments that a while ago they could only dream of. But everybody has to pay one’s way – currently the banks strip the debtors of their lodgings which are now considerably cheaper due to the recession. Consequently the banks are unable to recoup the loan.

“The bank gives you the umbrella when it’s sunny and take’s it back when it’s raining” – has once again become a common saying. But the people are not aware of the situation when it is advisable to take a loan or not. In turn banks loan and ignore the risk. So it’s imperative for the governments of different states to impose control over individual financial activity and banking.

To suppress the possibility of the real estate crisis it is offered to impose taxes to levy all real estate. This taxing could help evading the real estate bubble, but the needed calculations should be adequate.

Whatever the judgment, it is imperative for the governments of different states to institute the made decisions globally. One or two states could not make a difference in the crisis fail safe effort even if they were to impose a control over banking system and real estate prices regulation. The global economy depends on different states and in the time of crisis a single country couldn’t remain self-supporting.

The G-20 leaders meditations are similar to News.World-estate.com. After the last meeting the leaders of twenty seven European states declared that EU is ready to cooperate with US and to finally put into effect the plans for economic recovery.

This is the first sign of the global effort to solve the economic downfall. It gives hope that after the next G-20 meeting, we shall be able to see the first signs of economic recovery.

The path chosen by the governments will not ensure the stable economy’s rise. The only goal that can be achieved by the leaders of the states is to minimize the market fluctuation and to render the economy’s stability. The sudden economy’s downfall can be evaded if there is no sudden and substantial rise. When the financial market will be stabilized the people shall not have to return their devalued habitats to banks anymore and that is because they simply won’t get the loans to buy them.