humanity stuff, my mom loved him as a president. he just seem to have a big heart and he just was not the right guy for the job. absolutely. he was very well-intentioned. his story is out of a man that was overwhelmed by the breath of the crises in front of him. remember, carter inherited a huge amount of the problems he had. globally in the middle of the great inflation. there had been an oil shock. we were in the middle of the cold war, crime was already high. he tried valiantly and had bad tools, policy tools and it just fell apart. biden was dealt a far better hand. okay. biden inherited a an economy that was just about to roar back after covid. he inherited a company that just a year before became a net exporter of oil. the border was pretty secure and he purposely adopted a number of policies designed to structurally reconfigure the
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increase the regulation and i think the banking sector is in a much, much stronger position than where it was back in 2008. more now from clare sebastian. reporter: despite the recent turmoil in the financial markets and despite this decision coming on the same day a major european bank credit suisse was forced to borrow more than $50 billion from swiss central bank, european central bank stuck to its guns going ahead with the h half percent rate rise. and christine lagarde was very clear, inflation at 8.5% is too high and they are not seeing enough progress on bringing it down. they are however she said closely monitoring the financial markets, keeping a close eye on whether banks tighten lending. but they have other policy tools she said to tackle that while fighting inflation at the same time. i believe that there is no tradeoff between price stability