-
U.S. Fiscal Cliff Endangers World Economy, Lagarde Tells APEC
U.S. tax increases and spending cuts set to take effect by the beginning of next year pose one of the biggest risks to the global economy, International Monetary Fund Managing Director Christine Lagarde said today. While Lagarde has warned about the U.S. fiscal situation before, this time she took her case directly to leaders attending the Asia-Pacific Economic Cooperation Summit in Vladivostok, Russia. She said the fiscal cliff was one of “three key risks” -- the other two being the euro crisis and medium-term public financing. “We discussed over lunch with the leaders of APEC, the global economic situation, ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 9, 2012 10:09am Sep 9, 2012 10:09am
- amarranjan
- | Joined Oct 2009 | Status: Member | 64 Comments
- Comment #2
- Quote
- Sep 9, 2012 10:19am Sep 9, 2012 10:19am
- Timetraveler
- | Joined Jul 2012 | Status: Horos eimi tes Agoras | 521 Comments
Don't Fight Forces, Use Them.
- Comment #3
- Quote
- Sep 9, 2012 10:44am Sep 9, 2012 10:44am
- seanosms
- | Joined Nov 2009 | Status: Member | 142 Comments
- Comment #4
- Quote
- Edited 12:14pm Sep 9, 2012 12:13pm | Edited 12:14pm
- Ever E. Man
- Joined Feb 2012 | Status: Grand Ultimate | 455 Comments
The mind thinks, the heart knows...