"The reform of state industry, and most directly related to that, the banking sector, is enormously daunting"

This quote by William Kirby speaks with the problem of reforming state market and the banking sector. It implies that the task of reforming these 2 locations is a substantial endeavor and will require a good deal of effort. The banking sector is especially important due to the fact that it is carefully linked to the reform of state industry. Without reform of the banking sector, the reform of state market will be much more challenging. The quote recommends that the process of reforming state market and the banking sector is a complex and challenging one, which it will need a great deal of dedication and hard work to achieve success. It is a suggestion that reform of these 2 areas is not something that can be taken lightly, and that it will require a good deal of effort and dedication to make it take place.