'Global co-operation diminishing'

Dominique Strauss-Kahn (SUPPLIED)

An international drive to impose new regulations in the wake of the crisis is fading and global co-operation is diminishing, the MD of the International Monetary Fund said yesterday. Dominique Strauss-Kahn said world powers had worked well during the height of the crisis in 2008 and 2009, but as the immediate danger passed so did the will to re-write cross border regulations.


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