European Salon de News, Discussion et Klatsch - 28 January | 94 comments (94 topical, editorial, 0 hidden)

IMF head backs UK austerity measures - UK Politics - UK - The Independent

The Government's austerity package remains "the right thing to do", the head of the International Monetary Fund said today in a boost
for Chancellor George Osborne.
Christine Lagarde gave her firm backing to maintaining the deficit-cutting measures, despite the threat of recession and economic forecasts being revise downwards.
Figures released on Wednesday showed the economy shrank by 0.2% in the final quarter of last year - slightly more than anticipated and fuelling Labour calls for a change of course.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Fri Jan 27th, 2012 at 01:12:06 PM EST
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Re: Europe (4.00 / 3)

Does Christine Lagarde flip a coin each day to decide whether to be sensible or crazy for the day?

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jan 28th, 2012 at 12:39:43 AM EST
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Re: Europe (none / 1)

heh. i noticed she refers to europe as 'you' since she joined the IMF.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sat Jan 28th, 2012 at 07:00:08 AM EST
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Re: Europe (4.00 / 3)

Well, if she says "we", ROW goes "WTF!?"

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jan 28th, 2012 at 07:42:10 AM EST
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Re: Europe (none / 1)

My working assumption is that the IMF's outbreaks of sanity are institutional.

by generic on Sun Jan 29th, 2012 at 06:46:16 AM EST
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European Salon de News, Discussion et Klatsch - 28 January | 94 comments (94 topical, 0 editorial, 0 hidden)