Debt is above 2008 level and failure to reform banking system could trigger crisisThe world economy is at risk of another financial meltdown,following the failure of governments and regulators to push through all the reforms needed to protect the system from reckless behaviour, the International Monetary Fund has warned.
With global debt levels well above those at the time of the final crash in 2008, and the risk remains that unregulated parts of the financial system could trigger a global panic,the Washington-based lender of final resort said. Related: Gordon Brown is wrong to say British banking is still a free-for-all | Alex Bailin Continue reading...
Source: theguardian.com