The global economy is trapped in a maelstrom of vicious cycles and the best way to halt this downward spiral is to recapitalize banks so they no longer burden governments and can return to their role of supporting economic growth, the Bank for International Settlements (BIS) said.
    Major parts of the economy – households and firms, governments and banks – must improve their financial positions but they are stuck in vicious cycles: As households and firms … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards