Draghi, Rajan Lead Call to Arms to Avert Global Solvency Crisis
Mario Draghi
Photographer: Daniel Rolan/AFP via Getty Images
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The world’s policy makers must act urgently if they are to head off a looming solvency crisis that could cripple economies after the pandemic, according to a report led by two top former central bankers.
Mario Draghi, previously president of the European Central Bank, and Raghuram Rajan, the ex-governor of the Reserve Bank of India, headed a Group of 30 study that looked at the response to the crisis.