Friday, October 8, 2010

Depression call goes mainstream

IMF chief Dominique Strauss-Kahn warns global economic co-operation is falling apart

Currency wars, trade barriers and other protectionist policies are rising to the top of domestic political agendas as governments across the world struggle to resurrect economic growth. His concerns were echoed by Robert Zoellick, President of the World Bank, who warned that failure to co-operate would risk plunging the world economy into depression. He said: "If one let's this slide into protectionism, we run the risk of the mistakes of the 1930s."

Posted by devo @ 12:09 AM (1204 views)
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3 thoughts on “Depression call goes mainstream

  • The IMF and World Bank have become very vociferous of late.

    Just saying.

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  • general congreve says:

    Yay, race to the bottom.

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  • 1. devo said…’The IMF and World Bank have become very vociferous of late.’

    Their big control/debt plans are falling apart. Soverign default next. Down with the global control grid.

    ‘Just saying.’

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