business | April 14, 2011 | 0 comments

Global recovery at risk from banks' 'wall of debt', IMF warns

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The "most pressing" challenge facing the global recovery is funding banks and governments, according to the International Monetary Fund (IMF), which warned that a major hurdle was looming. The world's banks face a $3.6 trillion (£2.2 trillion) "wall of maturing debt" in the next two years alone, but must compete against governments to secure new financing, the fund said.
:http://www.telegraph.co.uk/finance/economics/8449036/Global-recovery-at-risk-from-banks-wall-of-debt-IMF-warns.html
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    Governments financing bank funding
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