WASHINGTON -(Dow Jones)- Unemployment and the growing burden of sovereign debt in the developed world are the two largest threats to the global economic recovery, International Monetary Fund Managing Director Dominique Strauss-Kahn said Saturday.
"All the ministers and governors are clearly aware that the recovery is here...but we really have to take into consideration the different downsides that may materialize," Strauss-Kahn told a press conference.
He declined immediately to give any details of negotiations with the Greek Finance Minister George Papaconstantinou, after the country formally applied for the activation a support package jointly financed by the IMF and the European Union, saying only that "Greek citizens shouldn't fear the IMF: We are there to help them."
Separately, Strauss-Kahn said there was broad consensus on the need for consensus and coordination in the reform of the global financial sector.
Web site: http://www.imf.org
Copyright 2009 Dow Jones Newswires
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