Managing a recession
The state became the lender of last resort a couple of weeks ago; now it is gearing up to become the spender of last resort. From pumping money into the banking system to pumping cash into the wider economy, Gordon Brown's government is taking on a bigger and bigger role in its bid to prevent a prolonged recession. The need for an economic stimulus package has been obvious for some time; and at last the government is making the right moves. On both banking ... Full Story »
Posted by Fabrice Florin
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