Banking crisis re-visited – latest e-lesson blog

I woke up this morning to an IM from my daughter in Spain with the sad news about Steve Jobs. She started her text with the words: “Possible E-lesson”. Indeed!

Meanwhile, in these days of financial woe, here is the start of the latest blog entry on Macmillan’s Business English website:

IMF warns of threat to global banking system

The e-lesson ‘Banking Crisis’ went out exactly three years ago, in September 2008. It described how share prices plummeted after the collapse of the US bank Lehman Brothers. Following a summer where we have witnessed similar volatility in the financial markets, the International Monetary Fund (IMF) has warned that the ‘global financial system is more vulnerable now than at any time since the 2008 financial crisis’. Once again, it seems the world is facing economic meltdown. Why?

For the complete blog post, and access to the original e-lesson please visit:

http://www.businessenglishonline.net/elesson/banking-crisis-revisited