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G-7 'Solution' to Global Financial Crisis: A Marshall Plan for Creditors and Speculators

Michel Chossudovsky
Economic and Political Weekly
Vol. 33, No. 52 (Dec. 26, 1998 - Jan. 1, 1999), pp. 3309-3312
Stable URL: http://www.jstor.org/stable/4407514
Page Count: 4
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
G-7 'Solution' to Global Financial Crisis: A Marshall Plan for Creditors and Speculators
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Abstract

Skilfully presented to the international community as a timely 'solution' to the global financial crisis, the G-7 proposal to establish a 'precautionary fund' under IMF stewardship will, instead of curbing the speculator, significantly reduce the risks of conducting speculative operations.

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