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IMF Warns Over Limits Of Stimulus April 17, 2009

Posted by tkcollier in Economy & Business.
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Mr Strauss-Kahn called for a urgent action to “cleanse banks” of toxic assets and for further fiscal stimulus beyond the 2pc of global GDP already agreed. The snag is that high-debt countries may have hit the limits already.

“The impact becomes negative for debt levels that exceed 60pc of GDP,” said the Fund.

While no countries were named, this would raise questions about Japan, Germany, France, Italy and ultimately Britain and the US after their bank rescues.

via IMF warns over parallels to Great Depression – Telegraph.

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