Lagarde Says `Downside Risks' High for Global Economy
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Sept. 22 (Bloomberg) -- International Monetary Fund Managing Director Christine Lagarde talks about "downside risks" for the global economy, the IMF's mission and goals for its annual meetings in Washington this week, and the European sovereign-debt crisis. Lagarde, speaking with Tom Keene on Bloomberg Television's "InBusiness With Margaret Brennan," also discusses IMF funding and her experience in preparing for her new job. (Source: Bloomberg)
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I have a message for Europe and socialists and communists worldwide- there is no more money.Its run out.The debts are much too high to keep doling out generous pensions and other perks to organized labor and NGO's who rely on govt money as their income.Time to pay your debts.If you put half the effort in that you all do in fighting the "Man" you would be ahead and pocketing a savings by now.
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I have a message for Europe and socialists and communists worldwide- there is no more money.Its run out.The debts are much too high to keep doling out generous pensions and other perks to organized labor and NGO's who rely on govt money as their income.Time to pay your debts.If you put half the effort in that you all do in fighting the "Man" you would be ahead and pocketing a savings by now.
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what she really means is that "French banks are sitting on tons of toxic Greek Italian bonds. And French banks will be Lehman 2.0 or be nationalized by French gov. But nationalization is going to cost >100billions and bankrupt French gov. and ECB" There is no high downside risk for global economy. There is ONLY a big downside risk for France and Euroland. US-Canada, BRICs are solid and strong in terms of banking system. French politicians are abusing IMF money paying for their mistakes.
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Anglophile puppet.
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