IMF sounds 'meltdown' warning
The warning came hours before European leaders began a meeting in the French capital to tackle the deepening financial crisis.
"Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown," Dominique Strauss-Kahn, the IMF chief, said on Sunday.
October 12, 2008
http://english.aljazeera.net/news/europe/2008/10/20081012161810992860.html