Tuesday, July 12, 2011

IMF's Lagarde: Will Work With Greece, Europe For Broader Response To Greece Woes












The International Monetary Fund will work with European and Greek officials to develop a bigger package to tackle the country's growing sovereign-debt crisis to help stem contagion in Europe, the head of the IMF said Tuesday.

Christine Lagarde, the former French finance minister who last week started a new job as the IMF managing director, said the fund welcomed the Euro Group minister's statement earlier in the day committing to "safeguard financial stability in the euro area."


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