World on brink of 'financial meltdown'
China Daily | Updated: 2008-10-13 07:39
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US President George W. Bush (left) with Brazil's Finance Minister Guido Mantega in a G20-ministerial meeting at the International Monetary Fund headquarters in Washington DC, on Saturday. Agencies |
WASHINGTON: The International Monetary Fund (IMF) has warned that the world's financial system was near a meltdown, amid France promising that a meeting of European leaders in Paris would detail measures to keep a market panic from triggering the most severe global downturn in decades.
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