Tags: lagarde

IMF: Austerity Threatens Global Economy

January 22nd, 2012
in econ_news

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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 »

Tags: angel gurria, austerity, davos, green technology, growth, imf, infrastructure, international monetary fund, jobs, kaberuka, kuroda, lagarde, lamy, margaret chan, mark carney, moreno, recession, sheeran, somavia, world bank, world trade organization, zoellick

European Banks Could Take a 12% Capital Hit

September 2nd, 2011
in econ_news

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Econintersect: Last Saturday (Aug.27, 2011) IMF (International Monetary Fund) head Christine Lagarde (pictured), speaking in Jackson Hole, Wyoming, said that European banks need “urgent recapitalization” in the face of coming sovereign debt defaults. Mon… more »

Tags: banks, default, ecb, eu, european central bank, european commission, imf, lagarde, sovereign debt