- Have been helped by the use of innovative monetary policies
- Some central banks have applied unconventional measures, injected more credit into the market and stabilised the situation
- Recognises the major role the Fed has played in enabling private sector to get back into a positive zone
IMF’s Christine Lagarde being reported in El Economista via MNI
If Spain and Italy are nearly back at pre-crisis levels then that doesn’t say much for the state they were in before the poo hit the fan
