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IMF: The longer we wait, the worse it will get

199 words - January 27, 2012 | © DiploNews, all rights reserved.

In a keynote speech this week, Christine Lagarde, Managing Director of the International Monetary Fund, called for solidarity and action world wide to turn 2012 into a year of healing. In giving her speech in Berlin, Lagarde pointed out to Germany to provide leadership during this time of increased uncertainty and decreased willingness to lend. She also encouraged countries with surpluses, such as China, to support global growth. In recognizing that the Eurozone is the current epicenter of the crisis and financial outlook, she recognized that the Eurozone has made important progress yet must focus on stronger...

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