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All posts tagged "european banking system"

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."

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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.

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