We like this woman We think she could be the best IMF Chief ever. Stay tuned.
In a dramatic speech in Berlin this week, the IMF chief warned that the world could soon face another Great Depression, calling for a $1 trillion firewall in lending resources. As the world gathers in Davos to discuss the crisis, Lagarde talks exclusively to Newsweek’s Christopher Dickey about her plan.
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The woman was also the French finance minister for several years, and helped enable France and Europe into the current mess. Do we just forget that? Did she just have a change of heart over night about how to solve Europe’s problems?
Myself, I’m going to wait to see if she can actually raise the money and execute.
Good points, Barry. Thanks for the post. I think she really pushed to cut the deficits before the crisis became acute. We posted an interview back in 2010 of her on This Week, which we think is linked. If not, go here
https://macromon.wordpress.com/2010/10/11/europes-ricardian-equivalence-vs-americas-keynesianism/
Thanks for reading.
Cheers,
GMM
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