NYT: In Davos, Europe Is Pressed for Debt Crisis Solution

- January 29th, 2012

At a panel discussion at the World Economic Forum:

The European Central Bank continued to draw praise for providing emergency cash to banks and avoiding a credit squeeze.

“There is not going to be a Lehman-style moment in Europe,” said Mark J. Carney, governor of the Canadian central bank, referring to the collapse of investment bank Lehman Brothers in 2008, which helped set in motion the financial crisis. But he added, “That is different than having a well, fully functioning banking system.”

via In Davos, Europe Is Pressed for Debt Crisis Solution – NYTimes.com.

Categories: Economy, Foreign Affairs, Main Page

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