The head of the International Monetary Fund says that the US financial crisis threatens to send the world into a recession.
IMF Managing Director Dominique Strauss-Kahn said at a news conference in Washington that the credit market turmoil can only be resolved through international co-operation. The IMF head stressed that policymakers must co-operate in a transparent manner if the turbulence were to be overcome. He said a recovery from IMF: Global economy facing 'major downturn' ...
Deutsche Bank to buy 30 percent of Postbank ...
French official says Channel Tunnel blaze still burning ...
US lobbyist jailed for corruption ...
Telekom Earnings Slump on Euro, Fierce Competition ...
Madonna brings movie to Michigan ... the current crisis was possible in mid- to late 2009. Strauss-Kahn and World Bank chief, Robert Zoellick, are also expected to attend a weekend meeting between the finance ministers of the world's top seven industrialised countries on how to tackle the financial crisis.
(Deutsche Welle)
more info >>
<< Back