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)
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
