ft.com - 2/12/2009
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The receding tide of global finance has exposed dangerous cracks. As capital increasingly stays at home, many middle-income countries find their financing needs ever more difficult to meet. The International Monetary Fund must be given the means to help them before the crisis goes from bad to ...
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FT Alphaville —
... minister of Italy, and Emma Bonino, former EU commissioner, write : Member states’ economies are now so interlocked they form a strong internal market. This is what truly holds together the different visions of Europe. It has been the driving force that swept away border posts and controls and allowed 16 states to resign national currencies to adopt the euro. It is for this simple reason that any sign of endangering the common market must be treated as a danger to Europe’s prosperity. Editorial comment: Relax your reserve The receding tide of global finance has exposed ...
Avoiding current account crises
Peter Gallagher —
... "The IMF was founded to channel capital from surplus to deficit countries, but its currently available resources, about $200bn including borrowing agreements, are far from sufficient to do the job." Extract from the Financial Times ...
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