Monday, September 05, 2011

The Most Dangerous Woman in the World

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.
Global markets react...

Lagarde's speech at Jackson Hole.


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