Greek crisis wake-up call for weaker economies

The US s Federal Deposit Insurance Corporation (FDIC) chairman Sheila C Bair is confident that there is no evidence of a double-dip recession and that the problems of Greece and euro zone are manageable. Bair, who has been at the forefront of the US financial sector reforms and an early critics of sub-prime loans, says adequate lending standards will help in preventing future crisis and keep asset prices in check. In an interview with FE s Sunny Verma, Bair says the US wants the banks to get to basics . Excerpts: You have come here to learn about Indian initiatives towards financial inclusion. ...

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