Saving banks is part of the problem, not the solution

As GDP shrinks around the world, it's time to prioritise the real economy over the banks.

With the real world economy racking up ever more startling numbers in terms of stock market lows, GDP contraction, unemployment and government deficits, one has to wonder are governments focusing on fighting the right fires

The catalyst for the question is the remarkable comment by German chancellor Angela Merkel, reported on March 12, about bailing out car maker Opel. According to the Associated Press, Merkel stated that the government should only bail out companies 'with a future'. Opel is currently...

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