Econintersect:  Christine Lagard, head of the IMF (International Monetary Fund) said in an interview Tuesday (07 May 2013) that the reform her organization had recommended for Greece had consequences greater than "we" had estimated.  However, she still d… more »

Econintersect:  In what is one of the most astounding changes of direction in history, the paragon of balanced budget fiscal policy (the International Monetary Fund) has issued a warning most unexpected.  The statement was made jointly by the IMF, the Wo… more »

Chistine Lagarde, the newly elected head of the IMF (International Monetary Fund), hinted Tuesday (July 26) that more money may be needed by her organization. Lagarde made the remarks while addressing a meeting of the Council of Foreign Relations in New York. more »

Econintersect: Jean Claude Trichet, ECB (European Central Bank) President, sat in on a late night meeting July 20 into 21 as French President Nicholas Sarkozy and German Chancellor Angela Merkl reached a final agreement on Greece. European Council Presid… more »

Mohamed El-Erian, the CEO of PIMCO (Pacific Investment Management Company LLC), says that Europe faces a dismal decade as bail-out countries (Greece, Ireland and Portugal and possibly Spain) might spread solvency issues throughout the Euro zone. He says that the problem is being brought to a head because liquidity is being used to try to address a solvency problem. more »