The Governing Council made an initial proposal for T2S back in 2006. After receiving positive feedback from the market, it decided to go ahead with developing the platform in 2008.
But before we get into the details of the extent and implications of the crisis on our country’s development momentum, I suppose it is important to ask the question: How did the current global financial crisis occur in the first place? What led to the creation of “bubbles”? I believe that there are two layers to the reasons for the crisis.