One of the things that traders look for in their exchange with buyers in other countries is the assurance that they will indeed receive their payments. The 2009 Budget Speech has proposed the setting up of an Export Credit Insurance Scheme.
They lack the boldness and the drive required to put the global economy back on a safe course. The West looks to be heading for the double dip recession whose spectre has been haunting us ever since the crisis struck. There was a time when sovereign debt was deemed to be risk-free.