IMF, warning of war, says ready to help Egypt

Breibart/AFP

The International Monetary Fund stands ready to help riot-torn Egypt rebuild its economy, the IMF chief said Tuesday as he warned governments to tackle unemployment and income inequality or risk war.

Dominique Strauss-Kahn also said rising food prices could have “potentially devastating consequences” for poorer nations, and warned that Asia’s fast-growing economies faced a risk of a “hard landing”.

Overall, according to the IMF managing director, widening imbalances across and within countries were sparking tensions that threaten to derail the fragile global economic recovery — and could even spark armed conflict.

As Egyptian protesters gathered in their thousands demanding the departure of President Hosni Mubarak, Strauss-Kahn said: “The IMF is ready to help in defining the kind of economic policy that could be put in place.”

Read Full Article

RELATED ARTICLES:
The Pharaoh will Fall, Oil will Climb, and Wall Street will Win
The Tipping Point Has Passed: Sweeping Change at Hand
6 Reasons to Start World War III if You’re a Globalist


Activist Post Daily Newsletter

Subscription is FREE and CONFIDENTIAL
Free Report: How To Survive The Job Automation Apocalypse with subscription

Be the first to comment on "IMF, warning of war, says ready to help Egypt"

Leave a comment

Your email address will not be published.


*