Cheap oil won’t help recovery, warns IMF chief Christine Lagarde January 15, 2015 Cheap oil is unlikely to speed up recovery, International Monetary Fund (IMF) chief Christine Lagarde has warned, adding that global recovery is currently too "lopsided". In a speech to the Council on Foreign Relations in Washington, Lagarde suggested that although growth in the US and a lower oil price has given economies a helping hand, [...]
Christine Lagarde and Mario Draghi call for German fiscal stimulus to avoid recession October 9, 2014 International Monetary Fund (IMF) boss Christine Lagarde took aim at German policy makers yesterday, suggesting that the Eurozone’s biggest economy must use fiscal stimulus to stave off recession. “We’re not suggesting that the Eurozone is heading toward recession, but we’re saying there is a serious risk that happens if nothing is done. But we are [...]
Christine Lagarde charged with negligence August 27, 2014 Head of the International Monetary Fund Christine Lagarde has been charged with “simple negligence” by a court in France, following claims of ministerial wrongdoing surrounding a €400m (£318m) payout to French businessman Bernard Tapie when she was finance minister. Lagarde said she would challenge the “totally baseless” decision.
IMF chief Christine Lagarde under investigation by French court August 27, 2014 International Monetary Fund managing director Christine Lagarde has been put under formal investigation on suspicion of "simple negligence" by a French court. Lagarde was questioned for 15 hours on Tuesday by the Court of Justice of the Republic over her involvement in a long-running political fraud case involving controversial French businessman Bernard Tapie, who was awarded [...]
IMF sees no “brutal slowdown” in China – Christine Lagarde July 6, 2014 China's economic expansion isn't set to stutter, according to the International Monetary Fund (IMF). IMF managing director Christine Lagarde says that the fund sees "no brutal slowdown" and expects that China will achieve growth of seven to 7.5 per cent this year. Investors now see a possible slowdown in Chinese growth as a key risk, [...]
Christine Lagarde grovels to Osborne over IMF’s prediction June 9, 2014 IMF BOSS Christine Lagarde yesterday gave a pleading apology to chancellor George Osborne over claims a year ago that his economic policies were “playing with fire.” Since the International Monetary Fund made the claims the economy has recovered rapidly, with unemployment diving and GDP now thought to be back at its pre-crash peak. “I completely [...]
Christine Lagarde rules herself out of running for top EU job June 6, 2014 CHRISTINE Lagarde yesterday ruled herself out of the running to become president of the European Commission, saying she would instead see out her term as head of the International Monetary Fund (IMF). “I’m not a candidate and the reason I’m not a candidate is that I have a job,” Lagarde said. “It’s a job that [...]
Lagarde mulls ending central bank freedom April 14, 2014 CENTRAL banks are gaining so many new powers that it is time to consider ending their independence from government control, International Monetary Fund (IMF) boss Christine Lagarde indicated yesterday. This would represent a major shift in central banking, which has been given credibility by its freedom from politicians since – in the UK’s case – [...]
Lagarde warns governments not to depend on easy cash forever September 10, 2013 EUROPE’S governments must push ahead with the banking union plans to solve some of the economy’s underlying problems, International Monetary Fund (IMF) boss Christine Lagarde said yesterday. She warned them off permanently relying on easy money from the European Central Bank (ECB) which has mitigated some of their problems in the short term. “We very [...]