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IMF in global ‘meltdown’ warning

11 Oct

Meltdown article on BBC

The IMF has stated that the financial system is on the brink of meltdown. As the markets continue to decline from the past weeks, the ‘G7’ had come to a meeting in discussing on how to solve the financial crisis. The French President and German chancellor Angela Merkel said that there will be no ‘bail out ‘ plan for Europe, instead they want to redirect the market, so it will help the people and not ruin them.

Still the crisis meeting in Europe is still being discussed as the European leader are trying to come up with a solution to the meltdown of market.