2023-10-14 16:22:56

Summers Sees More Land Mines After UK, Warns on Bond Shut-Out

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Bloomberg
By Chris Anstey

Former Treasury Secretary Lawrence Summers predicted further financial troubles after the recent turbulence in the UK, and blasted global finance chiefs for doing little to address some developing nations getting shut out of the bond market.

“There’s some fires burning, and the fire department is still mostly in the station,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “There’s a whole set of very important challenges with respect to developing countries and emerging markets, and I have to say that I don’t feel those challenges were really met this week.”

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