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12-01-2009, 01:38 PM

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Strauss-Kahn Says IMF May Need Another $150 Billion for Crisis

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By Christopher Swann

Jan. 12 (Bloomberg) -- The International Monetary Fund may need another $150 billion to help counter the hit to emerging markets and poorer countries from a worsening global economic downturn, Managing Director Dominique Strauss-Kahn said.

The IMF chief, in an interview in Washington, also chided European leaders for failing to grasp the depth of the coming slump in their region, creating the risk of social upheaval. The fund will make a “significant” increase in its $1.4 trillion projection of global financial losses and writedowns, he added.

Full story here:

Bloomberg.com: Worldwide

Ho hum, where will all the money come from...

12-01-2009, 01:38 PM	#1077 (permalink)
bkkandrew Guest Posts: n/a	Now the IMF Seeks bailout funds to, er, bailout... . Strauss-Kahn Says IMF May Need Another $150 Billion for Crisis Email \| Print \| A A A By Christopher Swann Jan. 12 (Bloomberg) -- The International Monetary Fund may need another $150 billion to help counter the hit to emerging markets and poorer countries from a worsening global economic downturn, Managing Director Dominique Strauss-Kahn said. The IMF chief, in an interview in Washington, also chided European leaders for failing to grasp the depth of the coming slump in their region, creating the risk of social upheaval. The fund will make a “significant” increase in its $1.4 trillion projection of global financial losses and writedowns, he added. Full story here: Bloomberg.com: Worldwide Ho hum, where will all the money come from...