Banking System Functioning News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Of the country now needs urgent assistance to survive, which includes anything from food, to housing or medical supplies.heres the secretary general of the norwegian refugee counciljan egeland for more on the situation on the ground. these state services are not functioning at the moment. and there is not even a banking system functioning. there have been hunted down like hundreds of thousands of newly displaced people. some of them have been able to return because there is less fighting in those regions but all of them basically lost everything in this turmoil. we have already heard about the...

No banking system functioning, no credit. >> we would've had small and medium size banks which would've stepped in and tried to take over business lost. we would've had some of the banks that would have to pose big losses on creditors and sold off pieces to a few banks in reasonable positions. yes, would there have been disruptions? absolutely. but do we have any evidence to show that we would've had a bigger recession? a worse recession? >> yeah, because you would have had millions of people out of work. >> we did have millions out of work. >> we would've had more. >> how do you know? >> i kn...