IMF Director José Vinals: ‘We are back in the danger zone’ – Run On European Banks Begins

- Rash of bank downgrades signals return to ‘danger zone:’ IMF (The Globe And Mail, Sep. 21, 2011): Europe’s big financial institutions are under pressure to quickly secure tens of billions of euros of new capital, as the continent’s spreading debt crisis increasingly engulfs the banking system. The International Monetary Fund warned the global financial [...] continue reading world news