Sunday, December 16, 2007




This crisis is no longer a simple problem of liquidity
Anatole Kaletsky: Economic view

Last week’s effort by the world’s central banks to relieve the global credit crunch with a cash injection failed to impress the markets. But the move is bound to win round the sceptics within the next few months. The decision is likely to be just the precursor to much more important, but controversial, operations to ensure the “solvency” of the international financial system.

... good luck ...



# posted by intcoex : 11:16 PM




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