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Friday, December 16, 2011

IMF boss Christine Lagarde ramps up pressure on EU with new recession warning | Mail Online

IMF boss Christine Lagarde ramps up pressure on EU with new recession warning | Mail Online: The world is heading for a new Great Depression, the head of the International Monetary Fund warned yesterday.

In an apocalyptic assessment of the debt crisis, Christine La;garde said the disaster in the eurozone was escalating – despite last week’s treaty designed to prop up the currency.

Delivering a clear warning that Europe has still not done enough to prevent the collapse of the euro, she insisted every country in the world would need to help boost growth.

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