“This isn’t a developed market with a very strong social safety net. If we get to a situation where we are having severe financial sector problems, the chances are GDP growth is much slower than it is now for a prolonged period of time,” she says. Adding: “I think that really is where the cost of a financial sector crisis comes in. To me, it’s much less about how much the sovereign issues in terms of debt to bail out the financial sector. It comes down to how much of a hit does growth take and what is the impact of that on the populace and do we start to have any other issues that arise from that?”