Crunch Time

Apr 13 2008

THE global credit crunch affects us all.

House prices are falling and fewer people are being approved for mortgages.

The soaring euro is pushing up the cost of family holidays to Europe.

But spare a thought for the Third World where millions face starvation as food prices soar.

From Haiti to Bangladesh, protesters rioted over rising prices - an issue that threatens to be the biggest crisis of the 21st century.

Leaders of the industrialised world have to devise a global plan to deal with the situation.

Otherwise riots will spread across the globe.