IMF chief calls for public intervention in credit

Dominique Strauss-Kahn, the head of the International Monetary Fund (IMF), said on 6 April that he thinks the need for "public intervention" in the credit crisis is becoming more evident.

Government intervention in the securities market, the housing market or the banking sector, would act as a "third line of defence" in support of fiscal and monetary policy, he said in an interview with the Financial Times, a newspaper, ahead of the spring meetings of the IMF and World Bank.

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