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Stories for October 6th 2010

• Wednesday, October 6th 2010 - 02:19 UTC

  IMF says financial system remains “Achilles heel of global recovery”

  

  Progress to restore global financial stability has suffered a setback in advanced economies, the International Monetary Fund said in its latest Global Financial Stability Report, with markets still sensitive to negative surprises.

• Wednesday, October 6th 2010 - 02:15 UTC

  IMF chief admits danger of “currencies as a policy weapon”

  

  Countries risk undermining the global economic recovery if they use their currencies to try to boost domestic growth, the head of the International Monetary Fund warned on Tuesday in a newspaper interview.

• Wednesday, October 6th 2010 - 00:13 UTC

  Fed and ECB “flood of liquidity” plunging the world into “chaos” warns Stiglitz

  

  The policies of extremely low interest rates maintained by the Federal Reserve and the European Central Bank are plunging the world into chaos instead of helping with the recovery of the global economy, the winner of the Nobel Prize in economics, Joseph Stiglitz, said on Tuesday.