Former top Chicago labor/antitrust lawyer Christine Lagarde, who finds herself running the IMF since former head DSK was dismissed, having been falsely accused of sexually assaulting a New York City hotel maid, spoke recently to Der Spiegel. Here is the French National telling a German newspaper what the rest of the world needs to do:
THE International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures, warning that the global economy faces a ''threatening downward spiral''.
IMF managing director Christine Lagarde said the outlook had darkened suddenly in past months.
''There has been a clear crisis of confidence that has seriously aggravated the situation. Measures need to be taken to ensure that this vicious circle is broken,'' she told Der Spiegel. Read more.
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