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What is your view regarding the development of the economic situation?
There is little doubt that there is increasing confidence about the economy, particularly on a global basis. When you examine the situation from a US perspective, or an Asian viewpoint, there is much to cheer in terms of growing business and consumer confidence, employment and consequent manufacturing confidence. In Europe, there are clearly still issues to be worked through, but the LTRO action late last year and in Q1 2012 has clearly helped the banking sector and this is crucial.
Are investors regaining some confidence? And why?
Investors have clearly regained some confidence, particularly post the LTRO announcement in December. Equity markets...
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