March 17, 2010
Economic: the financial crisis may be due
عماد الامارة Emad emirate
The General Director of the International Monetary Fund Dominique Strauss-Kahn: There will be other economic crises in the future.
And the world consensus to confront the crisis now is not as strong as it was in before 6 months, called on governments of the world to work during the current year
To develop policies that focus on job creation and urged him to reform the rules governing the financial sector in 2010 to help prevent a repeat of the mistakes that led to the global financial crisis and added that the regulation and oversight of the financial sector need to be stronger.
He stressed the need to complete the project to address the global errors in the regulatory, political and economic crisis is responsible for
He pointed out that the issue is not added levels of rules on each other
But to find regulations actually help avert a crisis of this kind ..
He warned that the recovery in the world is still very fragile and mainly driven by government support and explained that the world and the International Monetary Fund, can not declaring an end to the crisis before control of the labor crisis
On the other side has ruled out the World Bank.
Renewed recession in the world.
But he warned that the global economy had not yet passed the critical stage ..
It stressed that in contrast to the pace of global recovery in the near future would be uncertain.
And continued while recovering economies of the countries there are risks not visible.
Most of the developed countries like the United States of America, Japan, the European Union may turn out of economic stagnation in the second half of last year
However, the cost out of it was very expensive as left a large deficit in their budgets ...
Emad emirate ~
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