Opinion: (Christine Lagarde, the IMF Chief): “International Monetary Fund Managing Director Christine Lagarde said governments and policy makers in developed economies must take action to support the recovery as the risk of recession outweighs the threat from inflation.

“’Countries must act now and act boldly to steer their economies through this dangerous new phase of the recovery,’ Lagarde said…

“While ‘policy makers do still have options to support the recovery,’ the scope for action ‘is considerably narrower than when the crisis first erupted,’ Lagarde said. ‘Policy makers should stand ready, as needed, to take more action to support the recovery — including through unconventional measures.’”

Opinion (Robert Zoellick, the World Bank Chief): “The president of the World Bank has warned that the world is ‘one shock away from a full-blown crisis.’

“G20 finance chiefs, who also met in Washington, pledged financial support to help new governments in the Middle East and North Africa.

“Mr Zoellick said such support was vital.

“‘The crisis in the Middle East and North Africa underscores how we need to put the conclusions from our latest world development report into practice. The report highlighted the importance of citizen security, justice and jobs,’ he said.”

My Comment: In general, it all comes down to the Middle East: Israel has the method of coming out of the crisis. Everyone is welcome to visit the Mutual Guarantee site: Eng I Heb I Rus.
[56823]

Related Material:
Urgent Action Needed To Protect Recovery
IMF Chief Warns Of Global Catastrophe
Stanley Fisher: Economic Theories Do Not Help

Filed under: Crisis, Economy, Israel, World | Add Comment →