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IMF adviser: The global economy could collapse ‘in two to three weeks’

In an interview on BBC yesterday, International Monetary Fund (IMF) adviser Robert Shapiro said something quite alarming: without a plan to save the Euro, the global economy will collapse “in two to three weeks.” Speaking about European leaders, Shapiro said: “If they can not address [the financial crisis] in a…

Soros says European treasury needed to avoid Depression

(Reuters) – Billionaire investor George Soros has warned Europe’s debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury. Soros, in an article for the New York Review of Books and Reuters.com, says policymakers must…