UN urges 'drastic' action to bolster banks, new lines of credit for developing nations

Associated Press by John Heilprin | Oct. 25, 2008 (News Report)

UNITED NATIONS - The U.N. chief warned Friday of global recession and a serious hit to emerging economies, calling for "drastic" measures to shore up banks and extend lines of credit to the world's poorest states.

Secretary-General Ban Ki-moon said the era of self-regulation among the biggest banks and other money-lending institutions had ended and pledged to support European and American efforts to rethink the global financial ... Full Story »

Posted by Fabrice Florin

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Kristin Gorski
3.4
 by Kristin Gorski - Oct. 26, 2008

This news report takes U.N. Secretary General Ban Ki-moon's remarks from a significant meeting with economic experts and chiefs of the IMF and the World Bank, and gives insight into what the U.N. is going in response to the global economic crisis; his views are noteworthy, as they represent a global perspective above and beyond national and corporate interests. While the article does site statistics, often it is not completely clear what their sources are. Only Ban Ki-moon is quoted directly, even though other notables are mentioned by name; including quotations from these additional sources would add depth to the piece and make it more compelling.

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Kristin's Rating

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3.4

Average
from 19 answers
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3.3
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4.0
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4.0
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4.0
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2.0
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3.0
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3.0
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3.0
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4.0
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3.0
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3.0
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2.0
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3.0
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4.0
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3.0
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4.0
Popularity
4.0
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4.0
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4.0
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