Giant steps: The IMF's global recovery blueprint

To shore up global financial stability some politically difficult decisions are necessary. But they are in reach, and the opportunity is there to 'make this time different'.

The quest for lasting financial stability is still fraught with risks. The latest Global Financial Stability Report has two key messages: policy actions have brought gains to global financial stability since our September report; but current policy efforts are not enough to achieve lasting stability, both in Europe and some other advanced economies, in particular the United States and Japan.

Much has been done.

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