Why Bankers Have the Jitters

Monumental Third World debts shake the IMF meeting

It was the sort of week that served perfectly to concentrate the minds of bankers and finance ministers. The occasion was the 37th annual meeting of the International Monetary Fund and the World Bank in Toronto, and while none of the moneymen faced the immediate prospect of hanging, a few must have wondered whether they were in for a bit of financial drawing and quartering. For, as unsubstantiated rumors of everything from a cash squeeze on a major West German bank to a possible pending loan default...

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