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Overlapping crises could fracture the global financial system

Overlapping crises could fracture the global financial system

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The writer is a former senior vice-president at the World Bank

When the Titanic set sail in 1912, it was considered unsinkable because the hull was constructed as 16 watertight compartments. The ship would reportedly still float if up to four of these compartments were damaged. A similar assumption underpins…


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