The bottom line: after Lehman, governments around the world did a terrific job in supporting banks, leading to an astonishingly quick recovery of the banking world . This time around, the ineffective efforts to resolve the euro crisis let the banks down. Now, they have to bear the brunt. But a larger scale banking crisis can still be avoided. All that is required? Decisive action by policymakers to finally curb the sovereign debt crisis.
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2016-02-26
2016-02-26
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