Monday 24 July 2017

Heed warnings on euro collapse

Will Sunday, September 25, 2011, be remembered as the day the world's leaders began to tackle the global financial crisis in earnest? It certainly deserves to be remembered as the day they pointed to its intensity and agreed, if not on how to cure it, at least on where a cure must begin.

The International Monetary Fund-World Bank meeting in Washington resounded with angry criticisms, warnings and pointings of fingers.

They differed from previous expressions of exasperation by the United States, China and other countries in that the fingers all pointed in the same direction.

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