From Dr Desmond Lachman.

Sir, Your editorial "More haste, and much more speed" (October 11) correctly underlines the urgent need for a co-ordinated Group of Seven approach to resolving the global banking crisis. However, now that the global financial market crisis has spread to the hedge funds, one has to wonder whether co-ordinated G7 policy action should not go well beyond recapitalising the banks if a severe and prolonged global recession is to be avoided.