The head of the IMF Dominique Strauss-Kahn has warned in Washington Saturday that the World is teetering on the “brink of systemic meltdown.” The official spoke after talks with U.S. President Bush, G-7 finance ministers and the World Bank.
BBC economic correspondent Andrew Walker in Washington I think caught the general mood at the moment, saying that there is some disappointment that the G-7 plan lacks detail.
Meanwhile French Leader Sarkozy and German Leader Merkel said a common approach to the crisis would emerge from Sunday’s Paris summit meeting of 15 eurozone ministers. Lets just hope the meet is a great deal more successful than last weeks conflab in the same city, when the heads of France, Germany, Italy and the U.K. basically came up with dick. A repeat of such ineptitude and heaven help us all!!!!
