http://www.breitbart.com/article.php?id=CNG.a3b609ec2d35c1028acc4b940e0a441d.c11&show_article=1
The International Monetary Fund stands ready to help riot-torn Egypt rebuild its economy, the IMF chief said Tuesday as he warned governments to tackle unemployment and income inequality or risk war.
Dominique Strauss-Kahn also said rising food prices could have “potentially devastating consequences” for poorer nations, and warned that Asia’s fast-growing economies faced a risk of a “hard landing”.
Overall, according to the IMF managing director, widening imbalances across and within countries were sparking tensions that threaten to derail the fragile global economic recovery — and could even spark armed conflict.
As Egyptian protesters gathered in their thousands demanding the departure of President Hosni Mubarak, Strauss-Kahn said: “The IMF is ready to help in defining the kind of economic policy that could be put in place.”
In a speech in Singapore, he said rampant unemployment and a growing income gap was a “strong undercurrent of the political turmoil in Tunisia and of rising social strains in other countries”.
Nationwide demonstrations last month led to the ouster of Tunisian strongman Zine El Abidine Ben Ali, and massive street protests are raging in Egypt seeking an end to Mubarak’s more than 30-year rule.
“As tensions between countries increase, we could see rising protectionism — of trade and of finance,” Strauss-Kahn said.
“And as tensions within countries increase, we could see rising social and political instability within nations — even war.”
Obama team dispatches envoy to Cairo
Frank Wisner.
Looks like IMF is going to “help” out Spain like it “helped” out Tunisia and Egypt
Thanks SE Mom for the ping. Rice is going up as a result of weather, speculation so we may see problems in even more countries.