Jan 28, 2008

Dominique Strauss-Kahn on credit crunch

The intensifying credit crunch is so severe that lower interest rates alone will not be enough to get out of the turmoil we are in. I don’t think we would get rid of the crisis with just monetary tools, a new fiscal policy is probably today an accurate way to answer the crisis.

~ Dominique Strauss-Kahn, IMF Managing Director, "IMF Head in Shock Fiscal Warning", January 27, 2008

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