MICHAEL Steven, the 39-year-old president director of Utama Kresna Securities, beamed when he described the prospects of asset backed securities (EBA) at a press conference foreshadowing their launch later this year. "The Indonesian economy would have recovered sooner if the government had taken advantage of EBA at the beginning of the crisis," said Michael. "We may need no more IMF aid," he added, arousing surprise. This last statement seemed e