"The Sunday Telegraph's admirable economics columnist, Liam Halligan, has for months been hammering the point that what is most needed is transparency and an end to uncertainty about the scale of toxic debt in banks' balance sheets. Recapitalisation, though necessary, has not removed the uncertainty. For this reason banks are reluctant to lend to each other, let alone businesses. The Prime Minister has expressed his frustration about this failure to get all the bad news into the open. His remarks hardly inspired confidence. After all, if he doesn't know, who does?"
[Read More:Telegraph]
Sunday, January 25, 2009
Gordon Brown is like an arsonist posing as a firefighter - Telegraph
Posted by
Sadok Rouai
on
1/25/2009 PERMALINK
Categories: Financial Crisis, IMF, Posts
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