BIS warns of Great Depression dangers from credit spree

By Ambrose Evans-Pritchard

Last Updated: 9:02am BST 25/06/2007

TheBank for International Settlements, the world's most prestigiousfinancial body, has warned that years of loose monetary policy hasfuelled a dangerous credit bubble, leaving the global economy morevulnerable to another 1930s-style slump than generally understood.