Connect with us
As the world was still reeling from the financial crisis last week ...

archive

Brief of the Week October 20

As the world was still reeling from the financial crisis last week …

DSK, IMF, AND ‘MASSIVE’ INTERVENTION: As the world was still reeling from the financial crisis last week, it was no surprise that the International Monetary Fund /World Bank meeting in Washington attracted the largest number of reporters in memory. “We had close to 1,000 journalists covering the meetings,” said an IMF spokeswoman, adding that Washington meetings in recent years have been covered by an average of 300-500 journalists and that the number reached about 800 at the height of major demonstrations against the financial institutions a decade ago. IMF Managing Director Dominique Strauss-Kahn took the opportunity to make a strong pitch for “massive” intervention by nations affected by the financial crisis and for greater surveillance of world financial systems by the IMF. “Surveillance by the IMF already exists today, but it doesn’t stretch widely enough to all financial questions,” insisted Socialist Strauss-Kahn, a former French finance minister. The man widely known as “DSK” went on to say that intervention in economies “has to be on a country-by-country basis, according to local specificities in law, the history of the country and the structure of the banking industry. Any intervention must be massive.” 

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

HUMAN EVENTS is the news source President Reagan called his "favorite newspaper" and we still hold high the Reaganesque principles of free enterprise, limited government and, above all, a staunch, unwavering defense of American freedom. You can also follow Human Events on FACEBOOK. Click Here to Become a Fan:

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

Dunkin Donuts Refuses to Get Woke: ‘We Are Not Starbucks’

CULTURE

‘Reaganesque’: Economist Tells CNBC Trump Could Shift Global Order In China Trade War

FOREIGN AFFAIRS

Does ‘Impeach Trump’ Amash Have Financial Interests in China?

FOREIGN AFFAIRS

Judge Who Ruled on Trump’s Finances is an Obama Donor.

U.S. POLITICS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter