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Europe must deal with Greece or suffer, says International Monetary Fund

Posted By admin On June 18, 2011 @ 1:07 am In Featured Stories | Comments Disabled

UK Daily Mail [1]
June 18, 2011

Europe’s political elite is ‘playing with fire’ through its failure to tackle the economic crisis engulfing Greece, the International Monetary Fund has warned.

The Washington-based watchdog predicted that a fresh round of turmoil would spread through financial markets unless European leaders shore up the stricken eurozone periphery.

In its quarterly health check on the global economy, the IMF said the US government must also stop ducking the tough decisions required to rein in its vast budget deficit.

IMF director Jose Vinals said: ‘You cannot afford to have a world economy where these important decisions are postponed because you’re really playing with fire.’

Unless these dangers are addressed head on, new ‘shocks’ could ‘reverberate across the rest of the world’, which would in turn ‘seriously impair’ the ability of banks to raise funds, according to the IMF.

Full article here [1]

Europe must deal with Greece or suffer, says International Monetary Fund 030511banner3 [2]

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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/money/article-2004839/Europe-deal-Greece-suffer-says-International-Monetary-Fund.html

[2] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] International Monetary Fund Slowly Taking Over as Global Economic Regulator and Banker: http://www.prisonplanet.com/international-monetary-fund-slowly-taking-over-as-global-economic-regulator-and-banker.html

[5] International Monetary Fund to sell over 403 tons of gold: http://www.prisonplanet.com/international-monetary-fund-to-sell-over-403-tons-of-gold.html

[6] International Monetary Fund says EU’s Eastern European members should join euro: http://www.prisonplanet.com/international-monetary-fund-says-eus-eastern-european-members-should-join-euro.html

[7] Gerald Celente & Max Keiser – International Monetary Fund At A Glance: http://www.prisonplanet.com/gerald-celente-max-keiser-international-monetary-fund-at-a-glance.html

[8] IMF Prepares For “Threat To International Monetary System”: http://www.prisonplanet.com/imf-prepares-for-threat-to-international-monetary-system.html

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