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The fund said its own exercise, which assumes that policymakers stall on their commitments, stops short of a stress test.Using data for about 2 million non-financial companies in thethree Mediterranean countries, it estimated that Spanish banksface potential corporate-loan losses of 104 billion euros, anamount that would be covered by existing provisions.
Dennis Kelleher, the chief executive of the non-profit Better Markets, a lobby group advocating greater transparency in financial markets, blames the delays on industry representatives who fear the new rules will make structured products less profitable.
Parker said an old Martin Luther King speech about the Good Samaritan finally changed his mind: "While other people passed by the injured traveler in the story and asked, 'What will happen to me if I stop to help this person?' the Good Samaritan reversed the question of concern and said, 'What will happen to this person if I don't stop to help him?'"
His liberalism is a fusion of his English education and his fascination with the 19th-century Russian intelligentsia. Berlin was born in 1909 in Riga, the son of a Jewish timber merchant whose business contacts helped him avoid Tsarist anti-Semitism. When the Berlins moved to St Petersburg, a seven-year-old Isaiah witnessed the Russian Revolution.
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