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Two more years of recession: a crisis of confidence

June 2009 - Insolvency & Restructuring. Legal Developments by KPMG LLP.

More articles by this firm.

When asked how long the current credit crisis will last, Mick McLoughlin, Global Head of Restructuring at KPMG, tends to take issue with the question. He maintains that we are no longer in the grips of a credit crisis. Instead, he maintains that we have moved on to something far more difficult to escape from; a crisis of confidence.

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