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IMF chief: US and EU should be greedy and want NOW, NOW, NOW

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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 01:04 PM
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IMF chief: US and EU should be greedy and want NOW, NOW, NOW


BERLIN (Reuters) - IMF chief Christine Lagarde said in an interview released on Sunday that Europe and the United States should consider stimulating economic growth, if the situation permits, to offset a crisis of confidence hitting the global economy.

"Looking at Europe, we recommend countries to adjust their austerity programs to a changed situation and consider measures to drive growth," news weekly Der Spiegel reported her as saying.

"If the United States launches a credible middle-term adjustment program, there is possibly room to abandon the short-term austerity measures and to introduce some measures to drive growth," she added.

Lagarde caused a stir last weekend when she urged policymakers to force Europe's banks to boost their capital or risk derailing a fragile global recovery, a call she reiterated in the interview.


http://news.yahoo.com/europe-u-consider-stimulating-gro...
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 01:13 PM
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1. "please don't let the bankrupt banks have to admit they are broke..please!!""
there..I translated the french for ya.
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tama Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 02:47 PM
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2. Madam IMF,
take your growth where the sun don't shine.
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