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News Link • Economy - International

IMF adviser: The global economy could collapse ‘in two to three weeks’

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In an interview on BBC yesterday, International Monetary Fund (IMF) adviser Robert Shapiro said something quite alarming: without a plan to save the Euro, the global economy will collapse “in two to three weeks.”

Speaking about European leaders, Shapiro said: “If they can not address [the financial crisis] in a credible way I believe within perhaps two to three weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.


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