U.N.'s Ban Says Slump May Lead To Political Crisis

U.N. Secretary-General Ban Ki-moon (Photo from UNEscap)

From Yahoo News/AP:

MOSCOW (Reuters) – U.N. Secretary-General Ban Ki-moon warned on Friday that the global economic crisis could lead to a political crisis and social unrest and called on the world's leading economies to act.

"I am concerned that if we do not properly address this issue swiftly, this may develop rather alarmingly into political instability, into a political crisis," the U.N. chief told diplomats in Moscow.

Ban, who was speaking less than a week before he attends a crisis meeting of leaders of the G20 group of industrialized and developing nations in London, spoke of the impact of the economic crisis on Russia and Eastern Europe.

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My Comment: U.N. Secretary-General Ban Ki-moon knows his history, economic/financial crisis have always led to conflicts and wars.