UN chief says crisis could result in failed states

UN chief Ban Ki-moon warned Thursday that failing to act to halt the global economic crisis could lead to widespread social unrest and failed states, ahead of the G20 crisis summit here.

“What began as a financial crisis has become a global economic crisis,” the UN secretary general wrote in an article in the Guardian newspaper.

“I fear worse to come — a full-blown political crisis defined by growing social unrest, weakened governments and angry publics who have lost all faith in their leaders and their own future.”

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Posted in * Culture-Watch, * Economics, Politics, Economy, Foreign Relations, Globalization, Poverty, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “UN chief says crisis could result in failed states

  1. Jeffersonian says:

    No kidding, Banny…we’re living in one. It’s just going to take a bit longer than in, say, Burkina Faso.