Need for coordinated global solution

A QUICK, comprehensive and coordinated international response to the global financial crisis is required to prevent financial institutions and stock markets from tumbling further, according to fund managers and economists.

The nod on the US$700bil bailout of financial institutions was a good move to help alleviate the credit crunch but there is also a dire need for the various governments and central banks in the West to work together to develop, enforce and implement financial measures to quickly restore global investor confidence.