BERLIN – The global economic crisis isn’t over yet, despite positive signals from Europe’s biggest economies, the head of the International Monetary Fund (IMF) warned in comments published Saturday.
More work also needs to be done on financial-sector regulation, IMF Managing Director Dominique Strauss-Kahn was quoted as saying in an interview with German weekly Der Spiegel ahead of the Group of 20 summit in Pittsburgh Sept. 24-25.
“In the minds of too many – not only regular people but also top politicians – the financial crisis is already behind us,” Strauss-Kahn said, according to the report.
“That way of thinking is dangerous,” he was quoted as saying. “The global economic crisis continues despite the fact that Germany and France saw some positive growth figures for the last quarter.”
The two European heavyweights moved to modest growth in the second quarter. Regardless of that, unemployment will continue to rise for at least another year, Strauss-Kahn added.
Strauss-Kahn said pay systems in the financial sector need to be reconsidered and action is needed to tighten capital regulations for banks, Der Spiegel reported. He said he hoped the Pittsburgh summit would produce new momentum. –(The Philippine Star)
20 February –
WORLD DAY OF SOCIAL JUSTICE
“Every day, give everyone their due.
Every day should be Social Justice Day!
The only way”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
February Observances
1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
for Female Genital Mutilation
11 Feb: International Day of Women and Girls
in Science
20 Feb: World Day of Social Justice
Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the Prevention of Child Sexual Abuse
and Exploitation
Week 3: Public Administration Week
Daily Observances:
Feb 1 Constitution Day
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