Eye-catching quote of the day:
Jean-Pierre Landau, second deputy governor of Banque de France, as reported by Reuters:
Today in Europe there is no credit crunch.
Which is very strange. What on earth is everyone so worried about then? Why is Permira on about the ongoing effects of the credit crunch in their inaugural annual report? Is this all a big misunderstanding? Perhaps we’ll wake up, credit will be taking a shower and it will all have been a dream….
