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Monday, December 22, 2008

Trichet: Future shocks; restoring confidence





Exclusive Trichet interview: It is time for banks to start lending again
Q: Do you think that we have seen the worst, if not the last, of the shocks?

A: These are very demanding, many-layered circumstances. We had a very bright period in the global economy, with year after year of record global growth.

In market economies, it...


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I would rather invest in a five-times levered company with no refinancing requirement than a two-times levered company that needs to refinance

A commentator emphasizes just how concerned investors are about the wall of corporate refinancing that has to be tackled over the next few years

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