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January 14, 2008

The worst is over for the global credit crunch

“I believe that the global credit crisis, far from taking a turn for the worse, is now almost over.”, claimed Anatole Kaletsky in today’s Times article. He even goes on explaining how there is not going to be any further recession in the US economy. On the contrary, Kaletsky draws the attention in the ‘lose-lose’ situation that Britain and the whole of Europe (except Germany!) have got themselves into… A rather radical point of view. Â

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