This unrest continued and in September 2008 a financial panic brought financial markets to a halt and the resulting economic downturn in 2008–2009 which for a while resembled the pace of developments in the Great Depression.1 In Europe, a further stage of the crisis appeared in 2010 when a sovereign debt crisis hit some euro area countries.
Yaseen Anwar: Micro-credit and the financing of small businesses Introductory remarks by Mr Yaseen Anwar, Governor of the State Bank of Pakistan, on the occasion of the 18th Zahid Husain Memorial Lecture, Karachi, 22 December 2011. *  *  *  Honorable Chief Guest, learned Guest Speaker, distinguished guests, ladies and gentlemen! 1.