IMF chief warns of currency war 'threat'

Dominique Strauss-Kahn, the head of the International Monetary Fund, has warned global currency disputes are a "real threat" to the economic recovery.

Speaking to the BBC, he said political arguments over the Chinese renminbi and the Japanese yen show co-operation between countries has broken down since the financial crisis. Strauss-Kahn says there are signs countries are trying to use their currencies as a weapon. "The willingness of the countries to work together, which was very strong at the climax of the financial crisis is not as strong today," he says. "'Currency war' might be too strong, but the fact the countries want to find domestic solutions to a global problem is really a threat to the recovery." He says China must...