Mar 14

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

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