Brewin Dolphin Ltd Guernsey divisional director David Smith. (0619469)

SATURDAY marked a year since the European Central Bank was forced to inject 95bn euros into the eurozone system.
The dramatic fallout from the US sub-prime mortgage crisis was causing serious pain to global financial markets and the term ‘credit crunch’ has since become a household one.
World banks have been forced to raise fresh capital to repair ravaged balance sheets, several have gone bust or been bailed out and thousands of jobs have been lost.
But the impact from the crisis has not been confined to the finance sector, with collapsing house prices, slowing growth and rising inflation in the UK’s wider economy.
Today and in tomorrow’s Guernsey Press, senior members of the business community share their experiences of the effects on their activities and what they expect to happen in the future.