Investors Fear World On Verge Of New Finacial Crisis


The world is now on the verge of a new financial crisis, the epicenter of which is public debt according to one of the world’s leading businessmen, and the head of the powerful U.S. investment fund PIMCO, Mohammed al-Aryan.

At an international conference in Washington on Thursday he warned that, the world is entering a second global financial crisis and that there is now a need for a coordinated intervention by leading countries concerning the operations of financial markets.

Substantial efforts and large investments are required in order to break the current vicious cycle of crisis.”

Al-Arjan made his statement after stock markets crashed in the European Union, when the major indexes of leading EU countries lost 4-5 percent of their value and fell to a two-year minimum.
Earlier Thursday, major stock markets recorded losses in Asia, but now there is also a drop in prices on the stock exchanges in North and South America as well.


VOR, or the Voice of Russia, was the Russian government's international radio broadcasting service from 1993 until 2014, when it was reorganised as Radio Sputnik.

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