Wednesday 19 November 2008

banks need to recapitalise

As long as transactions cannot be completed the situation in this country will not improve and the implications of this are far reaching”, commented, Michael Boyd, incoming Vice-Chairman of Real Estate Alliance. “The recapitalisation of the banks is now being accepted as inevitable. The sooner this happens the bettter as the country will be taken off hold and business, and personal transactions can recommence, benefittting the economy as a whole”, said Mr Boyd.