Stablisation of US financial system vital: Montek

PUBLISHED ON: March 18, 2009 | Duration: 23 min, 22 sec

  
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Recovery in global economy largely depends on stablisation of the financial system in the US. All the G20 countries have put in a lot of effort in terms of fiscal and monetary policies, but the general view is until the financial system stablises to transmit these signals then it will be very effective, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.
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