The last crisis?

摘要

"Wonderful, courageous!", ex-claimed Vaclav Havel, the Czech president, at the end of a messy week for his country's banks. Well might he applaud. After much dithering, the Czech government had stepped in decisively (brandishing machineguns, indeed), to clear up the country's biggest banking crisis. On June 16th the central bank put Investicni Postovni Banka (IPB), the third-largest Czech bank, which is controlled by Japan's Nomura Securities, into forced administration. By June 19th it had found a buyer: IPB'S better-run rival, Ceskoslovenska Obchodni Banka (CSOB), which is owned by KBC of Belgium.