Euronews
The new International Monetary Fund chief Christine Lagarde has said that Washington must speedily resolve a political stalemate over raising the debt ceiling and the euro zone should “quickly” implement its sovereign debt crisis fighting plan to avoid more “turbulence”.Speaking in New York she warned of serious consequences for the world economy if US politicians fail to reach an agreement on raising the debt ceiling by next Tuesday’s deadline: “The critical objective is now for the United States to be able to increase the debt ceiling with a view to avoiding a default, which would be terrible for the United States, which would be terrible for the economy at large.Lagarde said she hoped “the political courage shown by European leaders will soon be followed by bold fiscal action in the US”.
Sorry Christine, this job is not going to easy like you thought it would be.
ReplyDeleteIncisive analysis from Mme Lagarde.
ReplyDeleteIt's a complete circus. The whole idea of increasing the debt limit to save the economy is a backward rationalization of the worst kind. No dought we all need to start stocking up on food and supplies.
ReplyDeleteShtfprepared.com