Nordic crunch's key lesson: avoid party politics

The Nordic credit crisis in the 1990s revealed that a united stance by politicians is crucial in averting a financial meltdown, the head of the Bank of Finland's research department has said.

"A key starting point in drawing lessons from the Nordic crisis is that maintaining confidence in the banking system is crucial," Seppo Honkapohja, the head of research and a board member at the central bank, said in research published Friday. "Finding broad bi-partisan political support for government a

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