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Crisis glimpsed through a glass darkly

By John Wyles  -  20.09.2007 / 00:00 CET
Politicians understand some forms of risk, above all those that threaten their hold on office. Very few understand the risks attached to the panoply of complex products constantly changing hands every day in globalised financial markets. No wonder, then, that they are struggling to understand the current storms afflicting financial markets nor that many are gripped by a sense of powerlessness.
 

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