IMF adviser: The global economy could collapse ‘in two to three weeks’

By Stephen C. Webster
Friday, October 7, 2011

In an interview on BBC yesterday, International Monetary Fund (IMF) adviser Robert Shapiro said something quite alarming: without a plan to save the Euro, the global economy will collapse “in two to three weeks.”

Speaking about European leaders, Shapiro said: “If they can not address [the financial crisis] in a credible way I believe within perhaps two to three weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.