But he defended the government’s decision to pump billions into the banking system last year, contrasting Labour’s action with its Conservative opponents’ who had accused it of wasting money by propping up the banks. "At every stage, the Tories have misunderstood the causes of the crisis. Underestimated its severity. And opposed the measures to limit its impact" Darling said. Global action on tax havens had also borne fruit, he said, and the British government had demanded the details of 100,000 offshore accounts under new information-sharing agreements. Full Article at Lebanon Daily Star