Lagarde Warns of Dangers of Cuts Before Davos
Ahead of the meeting of policymakers in Davos next week, Christine Lagarde, managing director of the International Monetary Fund joined with members of the Global Issues Group of the World Economic Forum to warn against policies that aim only for cuts and jeopardize chances for economic growth.
IMF Seeks to Boost Capacity by $500 Billion
The International Monetary Fund intends to boost its lending capacity from the current level of $385 billon by asking members to contribute more funds, up to $600 billion, as it seeks to forestall the spread of the European debt crisis.
World Economy 'in a Dangerous Situation:' Lagarde
Christine Lagarde, head of the International Monetary Fund, said Sunday that the world economy was in peril and that Europeans should speak as one on the debt crisis, in the wake of a summit agreement that she found wanting in specifics.
IMF Approves 2.2. Billion Euros in Aid for Greece
Even as the International Monetary Fund approved the release of a new tranche of aid for Greece, its head, Christine Lagarde, said that the nation was in a difficult phase' as its economic reforms were slow to take effect and its growth very weak.
Europe’s Creditanstalt Moment—Is It Really 1931 Again?: News Analysis
Historians might one day wonder why it was that at exactly the time the European model was crumbling, the U.S. chose to weaken itself with similar policies.
Why You Should Care About the Greek Crisis
Greek default fears are starting to infect Germany and its banks, which have significant holdings of Greek sovereign debt. And the infection is spreading to the U.S. because of close connections between U.S. and German banks.
Plan to Rescue German Banks Stokes Fears of Crisis
New German government plans to rescue its banks and insurers sent the clearest signal yet that a European banking crisis could be imminent.
Greek Debt Swap Feared Short of Goal
Banks and insurers, who were supposed to declare Friday whether they would join the bond exchange that was a condition of a second bailout for Greece, were slow to declare themselves, and a shortfall was feared at midday.
Debt Talks Collapse on Taxes
Led by House Speaker John Boehner, Republicans say they won't allow for any tax increases to offset spending in the $4 trillion "grand bargain" proposed by President Obama.
France’s Lagarde Named to Head IMF
French Finance Minister Christine Lagarde was named late Tuesday to succeed the disgraced Dominique Strauss-Kahn as head of the International Monetary Fund (IMF).