The second stage was the loss of confidence within the international financial system following the Lehman Brothers bankruptcy and the subsequent global economic crisis. The third stage has been the ongoing European sovereign debt crisis which began in Greece in May 2010. It was initially perceived as a problem of what was known as the “euro-area periphery”.
Against a financial backdrop as somber, traumatic, portentous and sobering as this, today’s event has come not a day too soon! 2. To be honest, I am also impressed, no less, by just the right focus, emphasis and clarity in the Preamble, Objectives and Key Takeaways of today’s Interactive Session, as set out by BCIC in their circular!