The International Monetary Fund has warned that governments must take decisive action to deal with deteriorating banking assets and that global writedowns for the financial crisis could total €3,170 billion ($4,100bn) by the end of 2010.
In its Global Financial Stability Report published on Tuesday (21 April), the multilateral lender predicts European writedowns will total over €900 billion as deteriorating economic activity leaves individuals and companies increasingly unable to pay ba...
Back our independent journalism by becoming a supporting member
Already a member? Login here