Grave warnings from the OECD on worldwide impact if euro fails

In their most recent statement, the Organisation for Economic Cooperation and Development had dire warnings in regards to the current debt crisis in the eurozone. Spokesperson and chief economist of the OECD, Pier Carlo Padoan, stated that if the euro failed it would have grave worldwide consequences which could cause another recession of global proportions.

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With the failure of the G20 summit fears of global recession grow

The friction amongst members of the G20 has become all too obvious and there is now an ever growing concern that the problems besetting the eurozone are ushering in a global recession. David Cameron had stern words for the region which amounted to a warning that their state of debt crisis is leading the rest of the world into a new recession.

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IMF issues new warning on eurozone debt crisis

With less than two months before the G20 summit is to commence, the IMF is warning that stock markets can only be swayed by action from the European Central Bank. It is IMF’s contention that the ECB needs to light a fire under key financial markets in order to prevent a further intensification of the market turmoil that very well could prompt a double dip global recession.

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IMF warning UK may need to setback austerity

In their most recent statement, the IMF is warning that the UK government’s austerity programme may need to be set back if growth continues slowing. This is the third forecast in as many months that has the economy on a downward spiral.

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IMF Head Warns of Impending Global Recession

In totally candid remarks, the head of the International Monetary Fund stated bluntly that banks throughout Europe must raise more money if we are to stave off a recession of global proportions. Christine Lagarde is also quoted as saying we are entering a “dangerous phase.”

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