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Rodrigo de Rato, the head of the International Monetary Fund (IMF):
"Global imbalances" biggest threat to long-term stability
BBC 9/4 2007
Speaking at the Peterson Institute for International Economics in Washington
It was "global imbalances" which were the biggest threat to long-term stability, he said. These included skewed trade and investments which had led to some "questionable lending and borrowing". Mr de Rato also believes that an over-reliance on US consumers to support other economies is unsustainable in the long term.