Economic crisis to keep going, IMF director says

09/14/2009 | Reuters

The economic crisis will not end soon, and countries must make more regulatory changes to halt the damage, International Monetary Fund Director Dominique Strauss-Kahn told German magazine Der Spiegel. Governments must take steps to curb excessive remuneration for bankers and tighten capital requirements for banks, Strauss-Kahn said. "It is right to say that not enough has happened. I hope the Group of 20 meeting in Pittsburgh will bring new momentum," he said, adding that unless changes are made, banks will continue to act as they did before the crisis.

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