System faces long road to recovery

Jones, Lee
June 2009
Money Marketing;6/25/2009, p21
The article discusses issues concerning the banking system in Great Britain. According to the speech given by Bank of England governor Sir Mervyn King, the system is not fixed and that the path to recovery could be protracted, and commented that the bank's quantitative easing strategy is showing tentative signs of success. Economist Stuart Thompson agrees and says that quantitative easing has provided liquidity and confidence in the system.


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