IMF: European banks facing US$4.5-trillion sell-off | Economy | News | Financial Post
"The International Monetary Fund said European banks may need to sell
as much as US$4.5 trillion in assets through 2013 if policy makers fall
short of pledges to stem the fiscal crisis, up 18% from its April
estimate."
IMF warns the world has six months to fix this crisis | Economy | News | Financial Post
TOKYO — "Meetings of global financial chiefs over the weekend ended
with a clearer picture of what Europe, the United States and emerging
countries need to do to prevent a deep downturn in the world economy, a
senior IMF official said.
IMF Deputy Managing Director Nemat “Minouche” Shafik told Reuters the next six months were critical for governments to act."
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