IMF's Lagarde Says Risks To Global Economy Rising: -Lagarde: Countries must act quickly with right policy mix
--Lagarde: Monetary policy must remain easy due to recession risks
--Lagarde: Europe banks need urgent recapitalization
By Luca Di Leo
Of DOW JONES NEWSWIRES
JACKSON HOLE, Wyo. -(Dow Jones)- Risks to the global economy are rising and countries must be quick in adopting the right policy mix to ensure a continued recovery, International Monetary Fund Managing Director Christine Lagarde said Saturday.
"Developments this summer have indicated we are in a dangerous new phase," Lagarde told a meeting of top monetary policy makers from around the world. "The stakes are clear: we risk seeing the fragile recovery derailed. So we must act now."
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