So the Head of the IMF comes out and says the global economic outlook has worsened over the last three weeks, while at the same time Greece
The global economic and financial system that presently dominates the world will be collapsed in order to facilitate the establishment of a new global system which will be controlled by the Antichrist, (Revelation 13 & 17).
From the articles:
Head of the International Monetary Fund, Christine Lagarde, said on Saturday that the global economic outlook "is more likely to have worsened than improved in the last three weeks" and that emerging markets feared "contagion from advanced economies." "If anything, the situation is more likely to have worsened than to have improved over the last three weeks and if markets have straightened up a bit in the last few days, certainly the overall economic situation has not improved.
_________________________________________Greece risks sliding into a "death spiral" if the government continues to slash salaries and lay off workers instead of cracking down on tax evasion and raising money from the rich, the head of the biggest public sector union said Tuesday. Speaking ahead of a 48-hour general strike called to protest tough new austerity measures, due to be approved this week, Costas Tsikrikas, head of the 500,000-strong ADEDY union, accused Prime Minister George Papandreou's Socialist government of blindly pursuing austerity measures that would plunge Greece deeper into recession.
_________________________________________Standard & Poor's on Tuesday downgraded 24 Italian banks and financial institutions, citing renewed "market tensions" and lower economic growth prospects. The action was taken after a review of the implications of a tougher-than-previously-anticipated macroeconomic and financial environment for the Italian banks, the credit rating agency said.
Global economic outlook has worsened, says IMF chief
Greek union warns of austerity "death spiral"
S&P downgrades 24 Italian banks, financial firms
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