Speaking of a financial crisis: Zimbabwe inflation hits record 231MILLION% as Mbeki is called in

Even with the credit crunch striking all corners of the globe, few countries are in as dire financial trouble as Zimbabwe. The south African country's annual inflation hit a record 231 million per cent in July, piling pressure on the ruling party and opposition to break a deadlock in negotiations and form a cabinet that can rescue the ruined economy. President Robert Mugabe's ruling ZANU-PF party and the opposition Movement for Democratic Change again held more unsuccessful talks to end stalled power sharing negotiations on Wednesday, frustrating Zimbabweans who hoped new leadership would bring relief from hardship. Up we go: A man holds a wad of Zimbabwe dollar notes in Harare, Zimbabwe yesterday as inflation soared to a new record high of 231million% Last night former South African president Thabo Mbeki was called in to... [read full story]