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News Item 1
    The International Monetary Fund (the IMF) has said that member countries will act decisively and collectively to confront the threat to the global economy. After its latest meeting in Washington, the IMF said euro zone countries would do whatever necessary to tackle the debt crisis while advanced economies generally would support their banks and undertake reforms to boost jobs and growth.
    The head of the International Monetary Fund, Christine Lagarde, said the global economy was only half-way through the work that needs to be done. So acute are the fears that Europe’s debt problems will threaten the health of the global economy that (7) she’s saying the fund is ready to help all member nations should they need it. Greece has already received IMF bailout. If the turmoil continues, others may also need assistance. The ministers meeting in Washington are hoping the actions they take here will mean that won’t be necessary.