The knock to central bankers' reputations is revealed in the latest FT/Harris poll of European public opinion, which shows levels of blame have risen significantly since the economic crisis intensified in the last three months of 2008. It suggests central bankers may have to go on the offensive to explain past actions – or be prepared to admit mistakes were made.
Even investors who “shorted” stocks, hoping to profit from falling prices, attracted less blame.
The poll also showed widespread and rising support for capping pay levels at banks that are under government control, and for a beefed-up system for policing the financial system.
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