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Financial Times:
Recovery elusive but darkest days have passed

6 October 2010

A suggestion that Spain's banking system still has a way to go before institutions can once again begin raising money on the wholesale finance markets to shore up their short-term liquidity. LSE professor Luis Garicano says: "An immediate, default-type crisis is probably no longer on the cards."

This article appeared in the Financial Times Online on October 6, 2010
Link to article

Related Links
Luis Garicano webpage
Productivity and Innovation Programme webpage

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