CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

IMF calls for more efforts to avoid global currency war

10-03-2010 08:10 BJT

KIEV, Oct. 2 (Xinhua) -- The head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, on Saturday urged major economies to do more to prevent a global currency war.

Speaking at an economic conference in the Crimean Black Sea resort of Yalta, Strauss-Kahn said that a global economic recovery was underway, even if it was a very uneven recovery.

"We succeeded in avoiding a bigger crisis thanks to economic coordination especially in monetary policy and in fiscal stimulus, " the Interfax-Ukraine news agency quoted Strauss-Kahn as saying.

"But today we have another threat which is that this willingness for consensus and cooperation has decreased. And we see around the world a possibility of the beginning of a currency war," said the IMF chief.

He noted that economic policymakers needed to get back to talking about cooperation, "discussing the value of the currencies, trying to adjust what has to be adjusted, fighting against global imbalances."

Strauss-Kahn said that if they didn't, there would be a new crisis "of countries trying to find domestic solutions to a global problem."

 

Editor:Zhang Pengfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program