In the current edition of the FDC bimonthly publication, the FDC Think-Tank analyzes these issues and their implications for the economy. Rewane said, “full-blown or not, there’s clearly a financial crisis lurking around, waiting to strike. We do not know when or how, but we are certain it won’t be as bad as the 2008/09 meltdown. However, it will be something that no one will forget in a hurry.”
“Thanks to the US Fed and ECB swapping in to save the day, investor and depositor behaviours were properly anchored to avoid massive bank runs, capable of swelling to a financial nightmare.
