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IMF places Toxic Debt at $4 Trillion

The International Monetary Fund (IMF) could place toxic debt at $4 trillion by 2010, according to international media reports on Tuesday.

The $4 trillion forecasted by the IMF, includes the approximately $3 trillion in the United States and the remainder in Europe and Asia.

The IMF said in January that it expected the deterioration in U.S.-originated assets to reach $2.2 trillion by the end of next year. These figures are now set to be raised.

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  1. IMF: Economic crisis to cost $4 trillion
  2. Toxic Asset Plan unveiled
  3. $50,000,000,000,000 wiped out
  4. Britain unveils £2 trillion national debt
  5. Japan announces 10 Trillion Yen stimulus package

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Author: GlobalCrisisNews.com (272 Articles)

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