So we should not be too hasty, but we must move forward step by measured  BIS Review 142/2009  1  step. Central Bankers are cautious by nature and can be relied upon not to rush things. In these fraught times, we may be forgiven for being somewhat over-cautious. I believe this is a propitious moment of real opportunity for COMESA.
For whilst we may have watched in the past year, with growing alarm, the assets of the western banking system melting away, and its leadership status in tatters, we can with advantage learn from this discomfiture. For the gigantic western financial liabilities remain, as the balance sheet recession is not so much about flows but about stocks.