The crisis will push millions into poverty and unemployment, risking social unrest and even war

[seemslikeadream]

http://www.reuters.com/article/bondsNews/idUSLN31921620090323


GENEVA, March 23 (Reuters) - The world is in a dire economic crisis, but no recovery is possible until the financial sector is cleaned up, the head of the International Monetary Fund said on Monday.

The crisis will push millions into poverty and unemployment, risking social unrest and even war, and urgent action is required, IMF Managing Director Dominique Strauss-Kahn said.

"Bluntly the situation is dire," he told a meeting on the crisis at the International Labour Organisation, a United Nations agency representing unions, employers and governments that studies labour issues.

Strauss-Kahn was talking less than two weeks before a summit of the G20 leading nations on April 2 to tackle the crisis.

As the crisis spills over into developing countries, millions of people will be pushed back into poverty and hardship, Strauss-Kahn said.

"All this will affect dramatically unemployment and beyond unemployment for many countries it will be at the roots of social unrest, some threat to democracy, and may be for some cases it can also end in war," he said.

[peacetalksforall]

1. I can't respect the IMF - it has been a grand facilitator of corporations

taking over earth resources and piling agreements that keep the poor poor and creates more poor. Why should we believe them? Help me find their value in their warnings.

[leftofthedial]

2. Al Capone today said Chicago will plunge deeper into crime and violence

unless the cops deal with that rat Bugs Moran once and for all.