Many observers see this as a clear recognition that the world could not get out of its present predicament without, China, India, Saudi Arabia, Brazil, and a host of others… they are providing the growth and they have reserves to pull even the developed countries out of the present dilemma.
Luís Máximo dos Santos: Opening address - Annual Conference of the Association of Specialised Credit Institutions (ASFAC) Opening address by Mr Luís Máximo dos Santos, Vice-Governor of the Bank of Portugal, at the Annual Conference of the Association of Specialised Credit Institutions (ASFAC), Lisbon, 22 October 2018. * * * 1.