By Jonathan Lynn
GENEVA (Reuters) - The world is in a dire economic crisis, but no recovery is possible until the financial sector is cleaned up, the head of the International Monetary Fund said on Monday.
The crisis will push millions into poverty and unemployment, risking social unrest and even war, and urgent action is required, IMF Managing Director Dominique Strauss-Kahn said.
"Bluntly the situation is dire," he told a meeting on the crisis at the International Labor Organization, a United Nations agency representing unions, employers and governments that studies Labor issues.
No comments:
Post a Comment