The Fallen Heroes of the Financial Crisis
When the scale of the financial crisis became clear last year, many were certain that it would be managed badly. But, in view of the vilification nowadays of those who pulled the world economy back from the abyss, perhaps we should be grateful that it was managed at all.
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PARIS – Oscar Wilde said that experience is the name we give to our mistakes. Last year, we tried to analyze the errors that led the world into economic crisis. Now it is time to analyze the mistakes we made when trying to get out of it.