DAVOS-HIGHLIGHTS-Key quotes on the global economy
DAVOS, Switzerland, Jan 26 (Reuters) - Following are highlights of comments by participants at the World Economic Forum on the global economy:
DOMINIQUE STRAUSS-KAHN, IMF MANAGING DIRECTOR:
"What we need...is a more strong system of coordination. This coordination is going on among the central banks, but it is not enough on its own.
"We can't speak day after day about globalisation without at the same time having in mind that...we need multilateral solutions."
JOHN THAIN, MERRILL LYNCH CEO:
"As we look out into 2008 I think there will continue to be downward pressure on home prices, that will continue to put downward pressure on all mortgage related securities.
"Unfortunately I think there is more downside from mortgage and mortgage-related products.
"The problems in the credit market are spreading, spreading to the consumer sector. Continued...
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article
India
US
UK
