The market must solve the financial crisis
Four economists conclude that the market must fix itself in order to solve the financial crisis in the United States.
Monday, October 20, 2008
In the round table organized by the Academy of Central America, the economists Juan Muñoz, Eduardo Lizano, Isaac Castro, and Jorge Guardia shared their assessment of the causes and possible solutions for the crisis that began with the fall of property prices in the United States.
This is the amount that the Salvadoran Foundation for Social and Economic Development recommends getting in the contingency credit.
The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.
For Eduardo Lizano, President of the Central American Academy, the fast benefits that were expected from the DR-CAFTA may not materialize
With banks barely lending and interest rates up, each company should review their available financing options.
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