April 11, 2011

IMF Chief Warns: Crisis Is Not Over


IMF Managing Director Dominique Strauss-Kahn speaks to students at a GWSB-hosted event.

The world may be climbing out of the global crisis but the coast is not yet clear, the managing director of the International Monetary Fund told a packed audience April 4 at a presentation sponsored by GWSB. Dominique Strauss-Kahn said there is too much economic imbalance in the world, unemployment must be brought down in developed countries, the U.S. culture of "reckless risk-taking" continues and old approaches to managing economies are ineffective. more