Wednesday, December 24, 2008

The lack of confidence is total,” Miguel Angel Fernandez Ordonez said in an interview

World faces "total" financial meltdown: Bank of Spain chef (seasonal quip)

"The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending.

Posted by troy @ 09:05 AM (720 views)
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