ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Sunday, April 25, 2010
Perils Remain Despite Recovery’s Pace, I.M.F. Head Says
This article is how the head of the IMF stated that altough the economic recovery was faster than expected, there may be long term unemplyment and "unsustinable public debts." The IMF has increased its lending capacity sice the economic downturn on 2007. It has extended its loans to Latvia and Hungary and now Greece. The IMF has also renewed a pledge to "approve a redistribution of power that would lessen the emphasis on the wealthiest countries."
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