Yes, Courage

Ferguson, Tim
November 2011
Forbes Asia;Nov2011, Vol. 7 Issue 13, p8
The article discusses issues concerning the latest global financial crisis that has unfolded, particularly in Europe. It is said that European bankers and ministers have abjectly avoided the courageous act of facing up to their bad debts for at least three years. The International Monetary Fund (IMF) chief called for greater bank recapitalization and was early in the latest phase of the crisis.


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