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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment