Independent.ie, 27 Aug 2008, Jean Chua and Haslinda Amin
TEMASEK Holdings, Singapore's $130bn (€90bn) sovereign wealth fund, said the global credit crisis will last two more years, drying up investment opportunities and constraining economic growth.
"It's going to be very difficult to predict whether we're at the beginning, middle or end,'' Michael Dee, Temasek's senior managing director of international said.
"It may end sooner, it may go out of the 24-month window, but the other thing I would say is it's not just subprime; it can affect credit cards and other asset classes.''
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