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Sat 04 Apr 2009Nationalised banks would find it harder to get international funds
OPINION:REPAIRING THE balance sheets of our banks is arguably the most significant financial challenge ever faced by the State. It is fundamental to getting credit flowing again to support economic recovery and jobs, writes ALAN AHEARNE
As pointed out this week by the head of the International Monetary Fund Dominique Strauss-Kahn, the experience of past banking crises is that economies do not recover until after the cleaning up of banks’ balance sheets.
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