Thursday, June 21, 2012

IMF’s Lagarde demands action to avert threat to euro

IMF’s Lagarde demands action to avert threat to euro: LUXEMBOURG, June 21 — The International Monetary Fund urged the euro zone yesterday to channel aid directly to struggling banks rather than via governments and called for the European Central Bank to cut interest rates, saying the future of the euro was at stake. The stark message from IMF Managing Director Christine Lagarde, delivered to euro ...


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