Click here to watch the first part of the debate

Confusion reigns in Europe about the response to challenges posed by the global financial crisis. Does Europe need an overall banking regulator? Is there a case for a US-style European bail-out fund?

Amid signs of a rift among European leaders on how to handle the crisis, French president Nicolas Sarkozy will host a summit in Paris this weekend with the Britsh, German and Italian heads of government plus EU Commissioner Jose-Manuel Barroso and European Central Bank chairman Jean-Claude Trichet. 

Robert Parsons's guests are :

Bertrand Jacquillat, who is a Professor of Finance at Sciences Po and Co-founder, Chairman of the Board and CEO of Associés en Finance, a consultancy specialising in financial analysis and assessment.

Laurent Maruani, who is chair of the Marketing Department at the HEC School of Management in Paris.

Jan Randolph, who is an economist at Global Insight. 

European MP John PURVIS, who is a member of the EPP-ED group and Vice chairman of the European Parliament's Economic and Monetary Affairs Committee.