Finance officials in Grenada say they expect continued good relations with US investment bank Bear Stearns, despite it having been sold to save it from collapse. The JP Morgan Chase buyout of Bear Stearns sparked off a credit crisis in the US that led to stock markets around the world recording heavy losses in reaction to that emergency bailout. Grenada three years ago engaged Bear Stearns to act as a dealer manager in restructuring the island's external debts, following Hurricane Ivan in 2004. The permanent secretary in the Finance Ministry in St Georges, Timothy Antoine, says he doesn't expect that relationship to be compromised. Reprinted from bbccaribbean.com