Turmoil caused by lethal cocktail: Buba's Weber

Axel Weber, the president of the Bundesbank, blamed the credit crunch on a cocktail of events.

Weber told an audience at the London School of Economics (LSE) on Friday that he was "extremely sceptical" of mono-causal explanations, saying that "various ingredients triggered the shockwaves."

The financial system would have digested each of the ingredients "more or less smoothly" but what Weber termed their dynamic interaction led to a "severe and ongoing stress test for the international financial

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