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IMF chief Christine Lagarde warns U.S. of worldwide effects of fiscal cliff
International Monetary Fund chief Christine Lagarde has warned the US it has the potential to be its “own worst enemy” over the fragile economic recovery and that failure to reach a comprehensive settlement over the fiscal cliff could see growth plummet to zero. In forthright comments over the impending fiscal…
Lagarde chides banks for ‘pushback’ on reforms
International Monetary Fund chief Christine Lagarde lashed out Thursday at banks for resisting financial reforms, warning that delay in implementation could stall the global economic recovery. “Some reforms are meeting strong resistance,” Lagarde, the managing director of the Washington-based institution, said in a speech in Toronto. “There are many vested…
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