Tag: Christine Lagarde

• Tuesday, July 3rd 2012 - 18:56 UTC

  IMF praises Germany; suggests more stimuli to a tepid performing US economy

  

  An IMF report revealed that the German economy’s performance has been remarkable despite facing considerable headwinds and that the US recovery “remains tepid and subject to elevated downside risks.”

• Wednesday, June 20th 2012 - 06:30 UTC

  Countries boost IMF emergency funding to 456 billion dollars

  

  Nations from around the world firmed up their commitments to provide emergency resources for the International Monetary Fund (IMF) designed to deter the spread of crises and increase the institution’s lending capacity to help countries in financial trouble.

• Wednesday, June 13th 2012 - 06:28 UTC

  Stressed Lagarde’ faux pas: “more shortly than three months to save the Euro”

  

  Action to save the Euro is required in “more shortly than three months,” International Monetary Fund Managing Director Christine Lagarde said in an interview to CNN. The IMF chief response came after a reporter pressured the official to access billionaire investor George Soros’ remarks that Euro leaders had three months to save the Euro.

• Friday, June 1st 2012 - 02:20 UTC

  Spain calls on US and IMF for political support in helping the banking system

  

  The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.

• Friday, May 25th 2012 - 01:16 UTC

  UK deeper in recession; IMF recommends more stimuli measures

  

  Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimuli to protect the economy from the Euro zone debt crisis.

• Thursday, April 5th 2012 - 15:36 UTC

  IMF warns world recovery is very fragile; policy makers should not become complacent

  

  IMF Managing Director Christine Lagarde said the world economy is still in recession and the recovery remains fragile as she warned that, although some progress has been made, the global economic situation is not ideal yet. “We should not delude ourselves into a false sense of security,” she alerted.

• Wednesday, January 25th 2012 - 20:44 UTC

  Greek “negotiated haircut” may need to be extended to public sector creditors warns Lagarde

  

  Greece's public sector creditors may need to participate in a restructuring of its debt if a haircut negotiated with private sector bondholders is not enough to make Athens' debt sustainable, IMF Managing Director Christine Lagarde said.

• Wednesday, January 25th 2012 - 04:06 UTC

  IMF warns Euro zone crisis is dragging down the world economy

  

  The Euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.

• Monday, January 23rd 2012 - 23:36 UTC

  IMF and Germany can’t agree on road map for Euro zone rescue

  

  IMF chief Christine Lagarde urged on Monday European governments to increase their financial firewall to prevent Greece’s troubles from ensnaring bigger countries like Italy and Spain.

• Monday, December 26th 2011 - 21:08 UTC

  “Grand principles don’t impress” IMF chief reminds the Euro zone leaders

  

  The head of the International Monetary Fund said that the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.