Home > 2007-2010 news from Italy, G8 > G8 diary – No free lunches, even at G8, says IMF chief

G8 diary – No free lunches, even at G8, says IMF chief

July 8, 2009

“There is no such thing as a free lunch,” Dominique Strauss-Kahn, head of the IMF, told a news conference more than once after lunch at the G8 summit, expressing his concerns that world leaders had to start thinking seriously about their “exit strategy” after massive fiscal stimulus packages.

Asked by the FT who had paid for his lunch, Mr Strauss-Kahn replied. “Probably you”.

But he defended these ever more frequent gatherings of world leaders — in April in London, this week in L’Aquila
and then next to Pittsburgh in September.

“Globalisation is not just a topic for  FT editorial  pages,” he added.

But he also expressed the view that the days of the G8 were numbered as it evolved into something bigger and broader.

Advertisements
%d bloggers like this: