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Thu 06 Jun 2010Reports blame domestic factors for banking and economic crisis
THE FIRST official reports into the causes of the banking crisis have concluded that home-made factors and not international financial volatility were to blame for the meltdown.
Hard-hitting reports by the new Central Bank governor Patrick Honohan and international banking experts Klaus Regling and Max Watson heavily criticised misguided government economic policies, a weak system of financial regulation and poor bank lending.
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