Cable Viewer

Currently released so far... 12522 / 251,287

### Browse latest releases

2010/11 2010/12 2011/01 2011/02 2011/03 2011/04 2011/05
2010/11/28 2010/11/29 2010/11/30
2010/12/01 2010/12/02 2010/12/03 2010/12/04 2010/12/05 2010/12/06 2010/12/07 2010/12/08 2010/12/09 2010/12/10 2010/12/11 2010/12/12 2010/12/13 2010/12/14 2010/12/15 2010/12/16 2010/12/17 2010/12/18 2010/12/19 2010/12/20 2010/12/21 2010/12/22 2010/12/23 2010/12/24 2010/12/25 2010/12/26 2010/12/27 2010/12/28 2010/12/29 2010/12/30
2011/01/01 2011/01/02 2011/01/04 2011/01/05 2011/01/07 2011/01/09 2011/01/10 2011/01/11 2011/01/12 2011/01/13 2011/01/14 2011/01/15 2011/01/16 2011/01/17 2011/01/18 2011/01/19 2011/01/20 2011/01/21 2011/01/22 2011/01/23 2011/01/24 2011/01/25 2011/01/26 2011/01/27 2011/01/28 2011/01/29 2011/01/30 2011/01/31
2011/02/01 2011/02/02 2011/02/03 2011/02/04 2011/02/05 2011/02/06 2011/02/07 2011/02/08 2011/02/09 2011/02/10 2011/02/11 2011/02/12 2011/02/13 2011/02/14 2011/02/15 2011/02/16 2011/02/17 2011/02/18 2011/02/19 2011/02/20 2011/02/21 2011/02/22 2011/02/23 2011/02/24 2011/02/25 2011/02/26 2011/02/27 2011/02/28
2011/03/01 2011/03/02 2011/03/03 2011/03/04 2011/03/05 2011/03/06 2011/03/07 2011/03/08 2011/03/09 2011/03/10 2011/03/11 2011/03/13 2011/03/14 2011/03/15 2011/03/16 2011/03/17 2011/03/18 2011/03/19 2011/03/20 2011/03/21 2011/03/22 2011/03/23 2011/03/24 2011/03/25 2011/03/26 2011/03/27 2011/03/28 2011/03/29 2011/03/30 2011/03/31
2011/04/01 2011/04/02 2011/04/03 2011/04/04 2011/04/05 2011/04/06 2011/04/07 2011/04/08 2011/04/09 2011/04/10 2011/04/11 2011/04/12 2011/04/13 2011/04/14 2011/04/15 2011/04/16 2011/04/17 2011/04/18 2011/04/19 2011/04/20 2011/04/21 2011/04/22 2011/04/23 2011/04/24 2011/04/25 2011/04/26 2011/04/27 2011/04/28 2011/04/29 2011/04/30
2011/05/01 2011/05/02 2011/05/03 2011/05/04 2011/05/05 2011/05/06 2011/05/07 2011/05/08 2011/05/09 2011/05/10

### Browse by creation date

66 72 73 75 79 85 86 87 88 89 90 91 92 93 96 97 00 01 02 03 04 05 06 07 08 09 10
1966/12
1972/02 1972/08
1973/04
1975/03
1979/08
1985/03 1985/06
1986/05
1987/06
1988/01
1989/12
1990/01 1990/07 1990/08 1990/10
1991/05
1992/01 1992/06 1992/12
1993/10
1996/11
1997/12
2000/05 2000/06 2000/09 2000/11
2001/02 2001/03 2001/06 2001/07 2001/09 2001/10 2001/11
2002/01 2002/02 2002/03 2002/04 2002/07 2002/08 2002/09 2002/11
2003/01 2003/02 2003/03 2003/04 2003/05 2003/06 2003/07 2003/08 2003/09 2003/10 2003/11 2003/12
2004/01 2004/02 2004/03 2004/04 2004/05 2004/06 2004/07 2004/08 2004/09 2004/10 2004/11 2004/12
2005/01 2005/02 2005/03 2005/04 2005/05 2005/06 2005/07 2005/08 2005/09 2005/10 2005/11 2005/12
2006/01 2006/02 2006/03 2006/04 2006/05 2006/06 2006/07 2006/08 2006/09 2006/10 2006/11 2006/12
2007/01 2007/02 2007/03 2007/04 2007/05 2007/06 2007/07 2007/08 2007/09 2007/10 2007/11 2007/12
2008/01 2008/02 2008/03 2008/04 2008/05 2008/06 2008/07 2008/08 2008/09 2008/10 2008/11 2008/12
2009/01 2009/02 2009/03 2009/04 2009/05 2009/06 2009/07 2009/08 2009/09 2009/10 2009/11 2009/12
2010/01 2010/02

### Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z
Embassy Athens Embassy Asuncion Embassy Astana Embassy Asmara Embassy Ashgabat Embassy Apia Embassy Ankara Embassy Amman Embassy Algiers Embassy Addis Ababa Embassy Accra Embassy Abuja Embassy Abu Dhabi Embassy Abidjan Consulate Auckland Consulate Amsterdam Consulate Adana American Institute Taiwan, Taipei
Embassy Bujumbura Embassy Buenos Aires Embassy Budapest Embassy Bucharest Embassy Brussels Embassy Bridgetown Embassy Bratislava Embassy Brasilia Embassy Bogota Embassy Bishkek Embassy Bern Embassy Berlin Embassy Belmopan Embassy Belgrade Embassy Beirut Embassy Beijing Embassy Banjul Embassy Bangkok Embassy Bandar Seri Begawan Embassy Bamako Embassy Baku Embassy Baghdad Consulate Barcelona
Embassy Copenhagen Embassy Conakry Embassy Colombo Embassy Chisinau Embassy Caracas Embassy Canberra Embassy Cairo Consulate Curacao Consulate Ciudad Juarez Consulate Chennai Consulate Casablanca Consulate Cape Town Consulate Calgary
Embassy Dushanbe Embassy Dublin Embassy Doha Embassy Djibouti Embassy Dili Embassy Dhaka Embassy Dar Es Salaam Embassy Damascus Embassy Dakar Consulate Dubai
Embassy Freetown Consulate Fukuoka
Embassy Guatemala Embassy Gaborone Consulate Guayaquil Consulate Guadalajara
Embassy Helsinki Embassy Harare Embassy Hanoi Consulate Ho Chi Minh City Consulate Hermosillo Consulate Hamilton Consulate Hamburg Consulate Halifax
Iran RPO Dubai Embassy Islamabad Consulate Istanbul
Embassy Jakarta Consulate Jerusalem Consulate Jeddah
Embassy Kyiv Embassy Kuwait Embassy Kuala Lumpur Embassy Kinshasa Embassy Kingston Embassy Kigali Embassy Khartoum Embassy Kathmandu Embassy Kampala Embassy Kabul Consulate Kolkata
Embassy Luxembourg Embassy Luanda Embassy London Embassy Ljubljana Embassy Lisbon Embassy Lima Embassy Lilongwe Embassy La Paz Consulate Lahore Consulate Lagos
Mission USOSCE Mission USNATO Mission UNESCO Embassy Muscat Embassy Moscow Embassy Montevideo Embassy Monrovia Embassy Minsk Embassy Mexico Embassy Mbabane Embassy Maputo Embassy Manila Embassy Manama Embassy Managua Embassy Malabo Embassy Madrid Consulate Munich Consulate Mumbai Consulate Montreal Consulate Monterrey Consulate Milan Consulate Melbourne
Embassy Nicosia Embassy Niamey Embassy New Delhi Embassy Ndjamena Embassy Nassau Embassy Nairobi Consulate Naples Consulate Naha
Embassy Ouagadougou Embassy Ottawa Embassy Oslo
Embassy Pristina Embassy Pretoria Embassy Prague Embassy Port Of Spain Embassy Port Louis Embassy Port Au Prince Embassy Phnom Penh Embassy Paris Embassy Paramaribo Embassy Panama Consulate Peshawar
Embassy Quito Consulate Quebec
REO Basrah Embassy Rome Embassy Riyadh Embassy Riga Embassy Reykjavik Embassy Rangoon Embassy Rabat Consulate Rio De Janeiro Consulate Recife
Secretary of State Embassy Suva Embassy Stockholm Embassy Sofia Embassy Skopje Embassy Singapore Embassy Seoul Embassy Sarajevo Embassy Santo Domingo Embassy Santiago Embassy Sanaa Embassy San Salvador Embassy San Jose Consulate Strasbourg Consulate St Petersburg Consulate Shenyang Consulate Shanghai Consulate Sapporo Consulate Sao Paulo
Embassy Tunis Embassy Tripoli Embassy Tokyo Embassy The Hague Embassy Tel Aviv Embassy Tehran Embassy Tegucigalpa Embassy Tbilisi Embassy Tashkent Embassy Tallinn Consulate Toronto Consulate Tijuana
USUN New York USEU Brussels US Office Almaty US Mission Geneva US Interests Section Havana US Delegation, Secretary UNVIE Embassy Ulaanbaatar
Embassy Vilnius Embassy Vienna Embassy Vatican Embassy Valletta Consulate Vladivostok Consulate Vancouver
Embassy Windhoek Embassy Wellington Embassy Warsaw
Embassy Yerevan Embassy Yaounde
Embassy Zagreb

### Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
AMED AF ASEC AMGT AFIN AG ABLD AJ AL ASUP AR AID AORC AS AE APER ACOA ANET AU ASECKFRDCVISKIRFPHUMSMIGEG ARF APECO AEMR ATRN AA AADP ACS AM AZ APCS AFFAIRS ADANA ADPM ADCO AECL ACAO AY APEC AORG ASEAN ABUD AGAO AINF AFSI AFSN AGR AROC AO AODE AMBASSADOR ACABQ AGMT AORL AX AMEX ADM ASIG AFGHANISTAN ASCH AMCHAMS ACBAQ AIT AND ARM AQ ATFN AC AUC ASEX AER AVERY AGRICULTURE AMG AFU AN ALOW
BR BA BL BTIO BH BEXP BO BE BG BU BK BRUSSELS BD BM BT BC BX BIDEN BY BBSR BB BF BP BN BILAT BTIU BWC BMGT
CS CO CASC CA CU CH CN CONS CBW CI CE CVIS CW CLINTON CG COE CMGT CJAN CR CWC CD CPAS CT CONDOLEEZZA COUNTER CDG CIDA CM CICTE COUNTRY CJUS CY CBSA CEUDA CLMT CAC CODEL CBE CHR CTM CDC CSW CFED CARICOM CB CL COM CIS CKGR CROS CIC CAPC COPUOS CTR CVR CF CIA COUNTERTERRORISM CITEL CLEARANCE CACS CAN CITT CARSON CACM CDB CV CBC CNARC
DHS DAO DCM DR DOD DOMESTIC DO DA DK DTRA DJ DEA DISENGAGEMENT DE DPRK DEPT DOE DS DEFENSE DEAX
ES EC ECON EFIN EAID ETRD EAGR ENRG EINV EIND ETTC ECIN EG ELTN EPET ELAB EU ECPS EUREM ET EWWT ELN EAIR EUN EFIS ER EINT ENVR EMIN ENERG ETRDEINVECINPGOVCS ELECTIONS EFTA EZ EN ECA EPA ENGR ETRC EXTERNAL ENNP EI ENVI ETRO ETRN EK ENIV EINVEFIN ECINECONCS ERD EUR EURN EDU EAIG ECONCS ENGY ECONOMICS ETRDEINVTINTCS ETC EFINECONCS EEPET EXIM EAP ECONOMY ESA EINN ECONOMIC EIAR EXBS ECUN EINDETRD EREL EUC ESENV ECONEFIN ECIP EFIM EAIDS ETRDECONWTOCS EUNCH EINVETC EINVECONSENVCSJA EUMEM ETRA ERNG
FR FBI FI FAC FARC FDA FAO FJ FTA FTAA FREEDOM FISO FOR FOREIGN FAS FM FOI FINR FINANCE FMLN FO
GG GM GV GT GOV GTMO GANGS GH GOI GL GA GY GAERC GR GF GCC GAZA GZ GERARD GE GTIP GLOBAL
HO HK HILLARY HA HR HU HUMAN HURI HSTC HI HYMPSK HUMOR HEBRON
IR IN IS IZ IT IC IAEA IEFIN ICAO IACI ID IRS INTELSAT IO ILC ITU IMO IRAQI IV ILO ITALY IBRD ICRC IPR ISRAELI IIP INMARSAT IAHRC IWC INTERNAL ICTY ITRA INDO ITPHUM ITPGOV ITALIAN IQ IBET INR ICJ INRB IRC IMF IA INTERPOL IDA ISLAMISTS IEA IL IZPREL IRAJ ITF IF ISRAEL ICTR IDP IGAD INRA INRO
JO JA JUS JM JP JOSEPH JAMES JOHN JOHNNIE
KNNP KTFN KFLU KPAO KMDR KWBG KTER KBCT KPAL KDEM KTIA KOLY KJUS KCRM KV KSUM KWMN KS KRVC KGHG KE KGIC KPRP KTIP KUNR KPKO KRIM KSCA KOMC KHLS KCOR KWAC KISL KZ KG KIRF KMPI KVPR KIPR KOMS KSPR KN KIRC KFRD KCIP KAWC KFIN KCRCM KR KBTS KSEP KFLO KSEO KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KSTC KICC KMCA KHDP KSAF KACT KSTH KOCI KNUP KPRV KTDB KMIG KIDE KU KPAONZ KNUC KNNPMNUC KNPP KERG KSCI KBIO KDRG KGIT KCFE KTLA KTEX KPLS KHIV KCSY KTRD KID KSAC KNAR KMRS KBTR KJUST KREC KLIG KCOM KAID KPWR KDEMAF KCRS KWMM KRCM KRAD KAWK KNEI KTBT KCFC KPAI KFSC KOM KMOC KICA KRGY KO KVIR KX KPOA KCHG KVRP KGCC KREL KMFO KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KFTFN KNSD KHUM KSEC KCMR KPIN KESS KDEV KCGC KWWMN KPAK KWNM KWMNCS KRFD KDDG KIFR KHSA
LY LE LG LI LH LTTE LU LO LA LAB LOG LT LABOR
MOPS MARR MCAP MEPN MNUC MO MASS MX MD MZ MRCRE MI MTCRE MAS MU MR MC MY MTCR MAPP MUCN MIL ML MEDIA MA MPOS MP MERCOSUR MG MK MEETINGS MCC MASC MV MIK MW MT MDC MOPPS MTS MLS MILI MAR MTRE MEPI MQADHAFI MAPS MARAD MEPP MILITARY MASSMNUC
NATO NZ NSF NPG NSG NA NL NU NPT NSFO NS NSC NE NO NK NI NSSP NATIONAL NDP NP NASA NPA NAFTA NG NIPP NEW NZUS NR NRR NH NGO NC NT NAR NV NORAD NATOPREL NW
OTRA OIIP OPRC OREP OVIP ODIP OPDC OPAD OAS OVP OSCE OIE OECD OPCW OEXC OCS OPIC OFDP OSCI OMIG OBSP OFDA OHUM OTR OFFICIALS OSAC ON OCII OES OIC
PGOV PREL PINR PINS PM PO PHUM PK PTER PREF PARM PBTS PE PAS POL PHSA PNAT PL PAK PA PSI POLITICS PROP PAIGH POLITICAL PARTIES POSTS PMIL POV PALESTINIAN PARMS PROG PU PBIO PTBS POLICY PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PBT PG PY PTERE PHUMBA POGOV PNR PRL PINL PRGOV PORG PUNE PDOV PCI PP PS PGOF PGOVLO PF PAO PREO PAHO PREFA PKFK PSOE PEPR PPA PINT PMAR PRELP PSEPC PGOVE PINF PNG PGOC PFOR PCUL PLN POLINT PGGV PHALANAGE PARTY PHUS PDEM PECON PROV PHUMPREL PGIV PRAM PHUH PSA PHUMPGOV PEL
QA
RU RS RP RSO RICE REACTION REPORT RO RW RIGHTS RCMP ROOD RM RUPREL RFE RF REGION RSP RIGHTSPOLMIL ROBERT RELATIONS
SY SMIG SNAR SENV SCUL SW SA SOCI SO SP SN SU SR SH SYR SZ SCRS SC SF SHI SL SENVKGHG SYRIA SI SWE SARS STEINBERG SG SNARN SEVN SHUM SPCE SIPDIS SAN SNARCS SAARC SIPRS ST SNARIZ SSA SK SPCVIS SOFA SANC SEN
TR TRGY TBIO TPHY TSPA TP TW TU TSPL TS TT TX TZ TI TN TF TERRORISM TD TK TH TIP TC TO TFIN TNGD THPY TL TV TINT TRSY TURKEY TBID TAGS
UK UZ UP US UN UNMIK USTR UNCSD UNHRC UNGA USUN UNSC UNCHR UNESCO UNDC USNC UNO UY UG USEU UV UNEP USPS USAID UNHCR UNAUS UNDP UNC UE UNPUOS USOAS UNVIE UAE UNFICYP UNODC UNCHS UNIDROIT UNDESCO UNCHC UNCND UNICEF
VE VZ VT VTIZ VTEG VTPREL VM VI VN VAT VC
WBG WTRO WHO WIPO WTO WHTI WS WTRQ WI WZ WWARD WHA WITH WFP WMD WB WMO WEU WA
XL XM XW XF XG XT XK XTAG XS XB XE XR XA XZ XY XX XV XU XH XD XI XC XQ
YM YI YE YMCS
ZI ZP ZR ZO ZL ZF ZB ZU ZJ ZEALAND ZK ZANU ZN ZA ZOELLICK

### Browse by classification

CONFIDENTIAL CONFIDENTIAL//NOFORN SECRET SECRET//NOFORN UNCLASSIFIED UNCLASSIFIED//FOR OFFICIAL USE ONLY

### Community resources

Follow us on Twitter Check our Reddit Twitter this Digg this page Contact us on IRC

courage is contagious

### Viewing cable 08LONDON2760,

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs
Understanding cables
Every cable message consists of three parts:

- The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
- The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
- The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.

To understand the justification used for the classification of each cable, please use this WikiSource article as reference.
Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #08LONDON2760.

Reference ID | Created | Released | Classification | Origin
--- | --- | --- | --- | ---
08LONDON2760 | 2008-10-31 13:47 | 2011-02-04 21:00 | CONFIDENTIAL | Embassy London

`

    VZCZCXRO0169
    PP RUEHAG RUEHROV
    DE RUEHLO #2760/01 3051347
    ZNY CCCCC ZZH
    P 311347Z OCT 08
    FM AMEMBASSY LONDON
    TO RUEHC/SECSTATE WASHDC PRIORITY 0283
    INFO RUCNMEM/EU MEMBER STATES COLLECTIVE PRIORITY
    RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
    RHEHNSC/NSC WASHDC PRIORITY

` `

    C O N F I D E N T I A L SECTION 01 OF 02 LONDON 002760

    SIPDIS DEPT FOR PDAS NELSON, MSAKAUE TREASURY FOR MURDEN, CARNES, E.O. 12958: DECL: 10/30/2015

    TAGS: ECON EINV UK

    Classified By: Economic Minister Counselor Mark Tokola for reasons 1.4 b and d

    1.(C) Summary: Political leaders must tackle not only the liquidity and solvency of financial institutions, but also must now confront significant currency volatility and a deepening cross-border contagion. While acknowledging there are no quick fixes, officials from two leading financial institutions - Stephen King, Chief Economist, HSBC and William Chalmers, Managing Director, Investment Banking Division, Morgan Stanley - identified several possible policy prescriptions in October 28th meetings with emboffs: injection of cash into economic systems, full disclosure of toxic assets, and the creation of a framework for a supra-national regulatory agent. They also explained why, in their view, government recapitalization efforts have failed to stabilize markets. End Summary. Currency Stability

    2.(C) In today's turbulent times, cash is paramount and governments must ensure that as much money as needed is available, said King. Political leaders need to indicate that they are prepared to inject cash into the economy without limit and regardless of inflationary concerns to assuage fears of investors and prevent cash hoarding. He cautioned, however, that no one country should proceed unilaterally. Coordination among the G7 would limit the danger of cross-currency contagion. He also noted that central banks, ability to increase the money supply through open market operations has been only nominally successful during the crisis, given the paralysis of inter-bank borrowing. The European Central Bank (ECB) is also more hamstrung than the Federal Reserve in terms of increasing liquidity through cash injections, since the ECB is built to deal with inflation and has little authority independent of member state governments in matters of liquidity, King stated. In his view, governments need to bypass the banking system and inject liquidity directly into the economy via increased government project spending.

    3.(C) The spillover of currency volatility on trade and the global de-leveraging process is also of significant concern, observed Chalmers. The valuation of toxic assets is more difficult when the currency in which those assets are denominated is unstable. He also argued that political leaders need to make both a verbal and concrete pledge to ensure currency stability. Without such an assurance, the contagion effect has the potential to cripple European banks.

    4.(C) Governments also have been unable to control the speed of de-leveraging - the selling of commodities and assets to reduce risk and raise capital, said Chalmers. The market panic of recent weeks is evidence that statements by political leaders have proven to be ineffective in controlling the pace of de-leveraging. Political leaders need to issue a coherent, strong and combined message that measures in place will work and seek patience from investors and savers, he stated. Toxic Assets - Fuller Disclosure

    5.(C) Many banks have not come clean about the extent of their toxic assets on their balance sheets, said King. Political leaders and regulators should underscore the need for greater transparency and establish mechanisms to force fuller disclosure, if not voluntarily done by the banks. He argued that there is a need for an independent authority to investigate each bank as well as a cross-border evaluation process.

    6.(C) Fuller disclosure about assets is necessary but there is a potential trade off between greater transparency and liquidity, said Chalmers. The real value of assets, if disclosed, could make those assets illiquid. He also argued that non-regulated instruments - such as hedge funds - also need to be subject to greater transparency requirements. Regulatory Framework

    7.(C) The industry expects more rigorous regulation, remarked King. But he warned that regulators need to really LONDON 00002760 002 OF 002 understand market instruments before developing and imposing new regulations. Some of these regulators need to have been market insiders and not just government technocrats. "Poachers need to become the ranchers," if governments are to stay ahead of market mechanisms.

    8.(C) Going a step further, King said that the architecture of the global financial system needs to change so that there is a single global capital market with sovereign nations managing their individual economies. This will require a new global framework, a Bretton Woods Two, he said. He warned however, that if this is not done skillfully, there is a danger that nations will revert to capital market protectionism. This would have the same adverse impact on world economic growth as the Smoot-Hawley Tariff Act of 1930, but the mechanism would be through the capital markets rather than trade.

    9.(C) Chalmers argued that there is a need for a supra-national structure in place of the independent, loosely coordinated responses of sovereign states. He stated that this could through greater formalized process of cooperation among national regulators - a "college of regulator" such as PM Brown has proposed - or through the ceding of some sovereign authority to a supra-national organization. Investors Remain Skeptical

    10.(C) The gyrations of the world's financial markets demonstrate that recent policy decisions have not been correct, argued King. Interest rate cuts have had negligible effect since the real root of the crisis is solvency, not liquidity, he argued. Governments, recapitalization plans also have had a minimal effect since the markets are skeptical about whether the amounts will prove to be sufficient. What is the right amount of money - USD 700 billion, GBP 500 billion? queried King. The capital injections were needed to prevent institutions from going bust, but he warned that there are many Zombie Banks,, with crippling levels of loans to securitization, that still haven't come to light. How much could governments borrow to resuscitate these banks? he asked. Without an open-ended funding commitment for recapitalization, the markets will remain skeptical that there will be enough funding for the distressed banks.

    11.(C) The lack of clarity of how and when governments will divest themselves from the troubled banks also is sending a negative signal to the market, said Chalmers. Potential investors in these banks want a timetable - such a timetable will also show confidence in the markets and that recovery is attainable, he argued. Visit London's Classified Website: XXXXXXXXXXXX LeBaron

`