I.M.F. Gives Debt Warning For The Wealthiest Nations
Posted By thestatedtruth.com on March 22, 2010
I.M.F. Gives Debt Warning for the Wealthiest Nations
BEIJING — The global economic crisis has left “deep scars†in the fiscal balances of the world’s advanced economies, which should begin to rein in spending next year as the recovery continues, the No. 2 official at the International Monetary Fund said on Sunday in Beijing.
In a speech at the China Development Forum in Beijing, the I.M.F. official, John P. Lipsky, who is the first deputy managing director, offered a grim prognosis for the world’s wealthiest countries, which are at a level of indebtedness not recorded since the aftermath of World War II…
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