A third threat to a major collapse of the global financial system came towards the end of last year with the deterioration of the financial situation in Brazil, mainly because of chronic fiscal imbalances and large-scale speculative attacks on what markets perceived to be an overvalued currency.
Su Ning: Keep good credit records and endeavor to aim for a harmonious society Speech by Mr Su Ning, Deputy Governor of the People’s Bank of China, at the Launch Ceremony of the National Credit Information Education Month, Beijing, 31 May 2008. *  *  *  Vice Mayor Mr. GOU Zhongwen, Ladies and gentlemen, Good morning!