“The body cannot survive without blood,” says Bo Lundgren, one of the architects of Sweden’s vaunted bank-rescue package of the early 1990s, “and the economy cannot survive without banks.”

“机体是无法离开血液存活的，”Bo Lundgren,上世纪90年代在瑞典鼓吹银行救援计划的策划人之一说到，“同理经济也离不开银行业。”

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Bo Lundgren, one of the architects of Sweden's much-vaunted 1990s bank bail-out, stresses the importance of transparent valuations of bad assets.

ECONOMIST: Meltdown may have been averted. But the crunch is not over