US downgrade a wake-up call for US: YV Reddy

PUBLISHED ON: August 11, 2011 | Duration: 25 min, 35 sec

  
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Dr Y V Reddy, former governor of RBI, says the current economic situation is a wake-up call for the US economy. He adds that the current situation in a sense is continuation of 2008 crisis and is a consequence of acts of omission and commission in terms of policy response.
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