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[Opinion] Bank for International Settlements report charts a financial system in crisis

Summary by World Socialist Web Site
A key feature of the analysis is that measures taken by governments and central banks at one point in time, which appeared to be a rational response to overcome dangers to financial stability, only created the conditions for the eruption of even more severe turbulence.

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World Socialist Web SiteWorld Socialist Web Site
Far Left

Bank for International Settlements report charts a financial system in crisis

A key feature of the analysis is that measures taken by governments and central banks at one point in time, which appeared to be a rational response to overcome dangers to financial stability, only created the conditions for the eruption of even more severe turbulence.

·United States
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  • 100% of the sources lean Left
100% Left

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World Socialist Web Site broke the news in United States on Tuesday, June 27, 2023.
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