New Zealand's finance minister, Bill English, has warned a Greek default or exit from the eurozone would present different challenges to the global financial system than those faced during the Lehman Brothers crisis of 2008.
He told Bloomberg that liquidity backstops, such as international swap lines, have strengthened since the financial crisis. Meanwhile, banks have scaled back their balance sheets, making them more resilient....
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Comes in on 9 December 2019
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