IMF head Dominique Strauss-Kahn says global financial crisis worse that originally believed, and worsening.
PARIS (AP) — The collapse of a Wall Street institution over the weekend shows the global financial crisis is broader than policy makers realized and it is growing worse, the head of the International Monetary Fund said Monday.
“The financial crisis which started in the United States is more serious and more global than it was a few weeks ago,” IMF Chief Dominique Strauss-Kahn said in Paris.
“The risks and dangers are very high. The economic environment is still worsening.”
The current crises will require a “global answer,” Strauss-Kahn said.
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