global-support-efforts-may-revive-debt-markets

Global support efforts may revive debt markets

Joint efforts made by governments all over the world may help in reviving the wounded debt markets.

Mukul Munish

October 22, 2008

The concerted efforts launched by governments around the world to support financial institutions should help revive the wounded debt markets. They will also help to stabilise the day-to-day operating environment for the banking industry, according to a report by Standard Poor's.

Governments around the world from the United States, to Europe to Asia have pumped billions of dollars into their respective banking systems to help banks recapitalise and to kick-start interbank lending, which has been in deep freeze since the collapse of Lehman Brothers in September.

South Korea's government was the latest to announce measures to help its banking industry when it said on Sunday that it will provide loan guarantees worth $100 billion for...

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