IMF urges Europe to act on debt crisis - 0 views
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Jasper Arasteh on 15 Oct 12In Tokyo the IMF called on the US and Europe to try and resolve their debt crisis. The IMF believes that debt in richer western countries is actually bad for developing countries and damages the world economy as a whole. It is also mentioned that Asia is the most dynamic region right now economically and that with the west falling behind Asia can't be expected to pull the economy. This addresses the debt crisis in all of the west not just greece and spain.