Sydney Morning Herald |
Financial crisis II, in theatres now
Sydney Morning Herald In the crisis of late 2008 and early 2009, central banks and finance ministries acted in concert as credit dried up, factories were mothballed and ships lay idle. They slashed interest rates, pumped money into weak banks, reduced taxes, raised spending … Joint letter from Herman Van Rompuy and Jose Manuel Barroso to G20: in full Europe seeks US, China quid pro quo at G20 How the Eurocrisis laid bare world's new economic order |