Banks’ responsibility in the face of the crisis

December 21, 2008

The rhetoric is escalating, and some are already warning of the need to adopt coercive measures to ensure that financial institutions provide the liquidity required by the productive sectors; there is even talk of a “nationalisation” if the support received is not converted into credit.

In the United States and in some European countries, banks may have contributed to the development of the financial crisis, although its roots lie in a credit boom.

Read the article by Federico Prades, economic advisor to AEB, published in El País.

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