IMF warns about possible “full blown sovereign debt crisis” in rich nations

Tuesday, November 9th 2010 - 01:47 UTC

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Risks are still high that developed nations will face difficulties in rolling over their debt and possibly trigger a crisis the International Monetary Fund said in its “Fiscal Monitor” report released this month. Read full article

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Fido Dido
Bummm, the debt problem...

http://csper.wordpress.com/
Nov 09th, 2010 - 05:53 am - Link - Report abuse 0
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El Supremo
These countries are spending as if they were still rich (even allowing for recent cutbacks). It is time to get aboard 'the world is changing' train which is heading out out of the station and will, repreat WILL, leave what we now call the 'developed' countries behind, unless they 'wise-up'. The old ways won't work anymore ... its a new day ... deal with it.
Nov 09th, 2010 - 10:17 pm - Link - Report abuse 0
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