London School of Economics - City will survive economic blitz

London has the underlying strength to recover from the effects of the world's economic crisis, according to a study conducted by a research group at the London School of Economics. Although the crisis has tarnished the reputation of its financial institutions, which are vital to the City's long-term competitiveness, important underlying strengths of London's service economy remain relevant, including its flexibility, the breadth of accessible expertise and intelligence, and its attraction for talented young people.