IMF chief urges action to avoid ‘1930s moment’
January 23 — The chief of the International Monetary Fund warned on Monday that the global economy could slide into a “1930s moment” unless Europe deals with its debt crisis and other economic powerhouses such as the U.S. and China fulfill their responsibilities.
Christine Lagarde called for stronger growth, larger firewalls and deeper integration in the euro zone to stem the crisis after the “many false starts and half measures” seen in 2011. She delivered this stark message in Berlin, the capital of Germany — Europe’s biggest economy and the most important player in resolving the long-running crisis. Read more.
