Chinese Premier Wen Jiabao blamed his country's problems on America, saying:
An IMF spokesperson said:
"Unless stronger financial strains and uncertainties are forcefully addressed, the pernicious feedback loop between real activity and financial markets will intensify, leading to even more toxic effects on global growth."
"Today, investment banks, the pride of Wall Street, have virtually ceased to exist."
An IMF spokesperson said:
"Unless stronger financial strains and uncertainties are forcefully addressed, the pernicious feedback loop between real activity and financial markets will intensify, leading to even more toxic effects on global growth."
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