IN BRIEF (Page 17)
China Daily | Updated: 2008-06-25 07:51
Greenspan's prediction
Former Federal Reserve Chairman Alan Greenspan said financial market turmoil may continue into next year, though Fed efforts in March to revive credit have reduced the instability.
"Things do at this particular stage look a little better," Greenspan said via satellite yesterday to a conference in Johannesburg. Still, "this crisis I fear is going to be with us for a while", either for a "good number of months or into next year", he said.
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