Global support efforts may revive debt markets

Joint efforts made by governments all over the world may help in reviving the wounded debt markets.

The concerted efforts launched by governments around the world to support financial institutions should help revive the wounded debt markets. They will also help to stabilise the day-to-day operating environment for the banking industry, according to a report by Standard Poor's.

Governments around the world from the United States, to Europe to Asia have pumped billions of dollars into their respective banking systems to help banks recapitalise and to kick-start interbank lending, which has been in deep freeze since the...

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