“The global financial system remains as risky as it was before the credit crisis, with the necessary ‘reboot’ of the banking sector delayed by the emergency measures taken to prop up economic growth, the International Monetary Fund has warned. With leading economies, including those of the US, UK and the eurozone, all struggling to generate sustainable economic growth, the IMF is also concerned about the potential side-effects of the ultra-low interest rates and other radical monetary policies central banks on both sides of the Atlantic are using to stave off a deeper downturn.”
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