Showing posts with label sovereign-debt crisis. Show all posts
Showing posts with label sovereign-debt crisis. Show all posts

Monday, September 19, 2011

Brazil's Tombini Urges Global Economic Coordination To End Crisis

LISBON -(Dow Jones)- Central Bank of Brazil President Alexandre Tombini Monday gave a strong warning to matured economies that unless they coordinate efforts to control the sovereign-debt crisis, the global economy will head toward a severe slowdown.

"The economic scenario is extremely complex, and if we don't do anything, it will deteriorate further in the next months," Tombini said at a conference of central banks of Portuguese-speaking countries.