Head of IMF fears unrest without action on economy

Head of IMF fears unrest without action on economy

business.timesonline.co.uk

Violent unrest may be sparked around the world by a prolonged global slump unless governments act with greater urgency to jump-start stalled economies, the head of the International Monetary Fund said on Monday.

Dominique Strauss-Kahn sounded a stark warning over the consequences of what he argued was weak and uncertain government reaction to the economic crisis. He used a hard-hitting speech in Madrid to single out eurozone nations over what he attacked as an inadequate response.

Without swifter and more determined action by governments to boost economies, a world recovery could be delayed until late next year or early in 2010, with grave consequences, Mr Strauss-Kahn said. “A lot remains to be done, and if this work is not done it will be difficult to avoid a long-lasting crisis that everyone wants to avoid.”

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business.timesonline.co.uk

Seems to me another ring-bell faulty warning... huh!!..... i'm still waiting on stand-by...
If it will be real what i read on this site on april this year ( financial crisis on sept 2008/ colapse economic on feb 2009) may-be it's better to start to prepare my little ristorant against riots...;-))

business.timesonline.co.uk
(visit the link for the full news article)

I think he's just stating the obvious. And clearly he's trying to force European nations to act now.

I am cynical, I think we are far too deep into this mess to get out of it with a few rate cuts and bail-out funds.
We don't even know how far we have to go yet, but we all know it's going to get worse.

But, would it be so bad to see a few riots targeted toward the massive banks and corrupt governments?
I think we need these things now and then to remind governments that they are employed by the people.
You just need to look at the US and my country, the UK, to see what happens when we allow them to forget that they work for us, not the other way around.

Seems odd that we had many years of protests in London, against various things, but they only decided they could start to control and refuse this freedom after 9/11. Not long after Bush started to refuse the freedoms and remove the rights of Americans.

Ah well, feed the beast untill it pops. Why not. A few years ago i listened to a guy with libertarian ideas that said exactly the same thing. Just vote for anything that 'feeds the beast' untill it dies in his own puke. And i just think at this point, great idea .

So let's just pump it full of paper and see where it lands. And then do it over on a good way. A bottom up economy instead of top down economy.