PM says crisis entering danger phase

Prime Minister Kevin Rudd has warned that economic growth and job security could be in jeopardy as the global financial crisis entered a “new and dangerous” phase.

As he equated the current financial turmoil to a national security crisis, Mr Rudd signalled the jobless rate for next year was likely to be higher than originally forecast in the May budget.

» PM says crisis entering danger phase – Yahoo News, 12th October 2008