Common Dreams quoted Eric LeCompte on the IMF Head Kristalina Georgieva's recent speech on global inequality and financial crisis. Read an excerpt below, and click here for the full story.
IMF Head Gives 'Stark Message' of Looming Inequality-Fueled Global Financial Disaster
According to Jubilee USA director Eric LeCompte, it would be unwise to let Georgieva's comments fall on deaf ears.
"The IMF delivered a stark message about the potential for another massive financial disaster that we last experienced during the Great Depression," said LeCompte, also a United Nations finance expert. "With inequality on the rise and concerns of stability in the markets, we need to take this warning seriously."
"Trade problems and climate-driven weather events pose additional risks at this time," LeCompte added. "It's imperative that we ensure the financial sector is free of risky behavior and corruption if we want to protect ourselves from another global financial crisis."
Read more here.