Tag Archives: Tucker

Looking the other way on the lip of the abyss

WE ARE approaching an economic event horizon. “Almost anything could happen in the next few months,” says Paul Tucker, deputy governor of the Bank of England, advising banks to prepare to withstand the worst. The exceptional coordinated action of central banks on Wednesday has been widely seen not just as offering temporary relief to the embattled Eurozone, but as a recognition that the global economy is on the lip of the catastrophe curve. Continue reading

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