The truth about Asian investment banking
China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

September 2001

A helping hand in Romania


Turkish inspectors have discovered that the governmental abuse of the state banks continues and has remained unpunished.


Professor Vural Akisik's job of preparing Turkey's state banks for privatization will be all the harder because the government seems unwilling to abandon its old habits of meddling in the lending decisions of the state banks. Inspectors appointed by Turkish president Ahmet Necdet Sezer recently discovered that the abuse of state banks continues - and goes unpunished.

A senior government source told Euromoney that in June this year the president...


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