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IMF Chief Confident that Coordinated Measures will Calm Financial Markets
i'm confident because i think that what has been done these last few days, starting with the g-7 statement on friday, going on after with the annual meeting of the [international monetary] fund and the world bank, and endorsed a few hours, or minutes, ago by the meeting of the euro zone is exactly the type of action we have to take, said dominique strauss-kahn .
france, germany, italy and otheir euro bloc countries will guarantee inter-bank lending and provide cash to banks that need it .
he, said the emergency measures announced on sunday by european leadquarters in paris are very positive .
on sunday, zoellick told resporters that the unprotecedented turmoil in financial markets is a particular threat to deve loping countries .
Generated 2008-10-21_11:51
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