Governments might have to intervene with taxpayers’ money to shore up the financial system and prevent a “downward credit spiral” from taking hold, the International Monetary Fund said yesterday.
John Lipsky, the IMF’s first deputy managing director, said: “We must keep all options on the table, including the potential use of public funds to safeguard the financial system.”
By Krishna Guha in Washington
Published: March 13 2008 02:00 | Last updated: March 13 2008 02:00
Source Financial Times