Topic: Christine Lagarde

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Seven women who shaped the world in 2011

Women played some significant roles this past year, from making peace to crafting economic policy in the midst of a crisis. Here are seven who shaped 2011:
Photos of the Day: Photos of the Day 05/30
Strauss-Kahn resignation: Who are his potential successors?

The International Monetary Fund’s managing director has traditionally been a European male, often a Frenchman. But with Dominique Strauss-Kahn’s resignation amid sexual assault charges, the job is available. A woman is among the leading candidates, and contenders from emerging markets may vie for the top spot. Here’s a look at the possibilities.

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Caretaker government for Greece until June elections

Panagiotis Pikramenos, a senior judge, will lead an interim government of 16 until elections are held.
Briefing
What would a Greek exit from the eurozone look like?

Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
Egypt’s shaky finances: Can the IMF and government agree on a loan deal?

The IMF wants assurances that the political leaders who emerge to run Egypt after elections next month will be on board with the financial requirements underpinning a proposed $3.2 billion loan.
Economic weather report by IMF's Christine Lagarde: 'umbrella' still needed

This weekend, Christine Lagarde oversees her first spring meetings of the IMF since taking its helm in July. On Thursday, she gave a mixed report on the global economy, citing 'dark clouds on the horizon.'
Egypt's dire economy looms over elections

Egypt's foreign reserves have tumbled to $15 billion from $36 billion, jeopardizing the government's ability to meet the people's needs. The future is about a lot more than voting.
Germany to Europe: Don't criticize us on eurocrisis leadership

Germany has been heavily criticized for its 'German doctrine' of austerity, but Germans are confident that it will work for the rest of Europe and are tired of apologizing for their success.
EU pushes bigger bailout fund and Germany pushes back

Many European leaders and financial institutions are pushing for a larger permanent EU bailout fund, saying it would send an important signal. Germany, its main funder, says such talk is premature.
Greece begrudgingly cedes sovereignty in exchange for bailout funds

The conditions the European Union set for Greece in exchange for a second bailout represent a very unusual amount of outside control and oversight of a sovereign country.
The Daily Reckoning
Is lower consumer demand actually a problem?

‘Demand fear’ is the worry that there aren’t enough people who want things and have the money to pay for them. But why not be satisfied with the demand as it is?
IMF predicts European recession will slow global economy

The International Monetary Fund is warning against deep budgetary cuts and extreme austerity measures.
IMF: $650 billion isn't enough for the European bailout fund

European finance ministers agreed to move up the launch of a permanent bailout fund by a year, but the fund is still too small, according to the IMF.
European debt crisis: Germany's fight against Keynes

The European debt crisis provides Germany the opportunity to preach its disciplined approach to monetary policy. Should it succeed in remaking Europe in its monetary image, Europe will prosper. Those who follow the Anglo-American model of Keynsian loose money must fall in line.
Strong housing report boosts stocks

The Dow and the S&P 500 had their highset closing numbers since July, propelled by a surprisingly strong report on the housing market and the possibility of more money for the International Monetary Fund. The Dow rose 96 points to close at 12578, and the S&P gained 14 points to end the day at 1308.
Occupy Nigeria victory: president to cut fuel prices

The initial removal of an estimated $7 billion annual fuel subsidy impacted an entire population and crippled the Nigerian economy.
Seven women who shaped the world in 2011

Women played some significant roles this past year, from making peace to crafting economic policy in the midst of a crisis. Here are seven who shaped 2011:
IMF chief Lagarde: Woman of the year in 2012?

Unable to solve its euro crisis, Europe is turning to the International Monetary fund. Its new leader, Christine Lagarde, brings unusual skills to solve a debt crunch that could stall the world economy.
The Daily Reckoning
Increasing debt to avoid depression only benefits the wealthy

Protecting the nation from another economic depression only serves to protect financial insiders at the expense of outsiders
Global News Blog
Is Strauss-Kahn staging a political comeback – on his wife's coattails?

Former IMF head Dominique Strauss-Kahn, whose political life seemed over after sexual assault accusations, is back with a speech criticizing the EU. Does this, and his wife's selection as 'Woman of the Year,' signal his comeback?
Greek bailout – and Papandreou's premiership – in jeopardy

The Greek bailout isn't the only thing in doubt after Prime Minister George Papandreou said he will put what Europe took to be a done deal to a referendum. His government could fall this week.
New solution to European debt crisis: refinancing Europe's banks?

As the global economy founders, refinancing Europe's banks to deal with the debt crisis might be preferable to bailing out countries, experts say – and politicians are starting to agree.
European Central Bank offers lifeline to ailing eurozone lenders

European Central Bank chief Jean-Claude Trichet offered European banks emergency short-term loans. Speculation is rising over a plan by EU leaders to recapitalize banks.
Europe debt crisis: Greece teeters on brink of bankruptcy

Greece revealed today that it is in more dire economic straits than envisioned when a €110 billion bailout deal was agreed to this summer, sparking concern that Europe’s debt crisis could deepen.
Greek government in desperate battle to avert default

Prime Minister Papandreou canceled his US trip and hinted at further austerity measures after Europe's 'troika' of experts expressed doubt about the Greek government's plans to avoid default.
Stocks rise worldwide

Stocks up in Asia, Europe after Fed chairman's speech. Futures point to higher open for US stocks.
What could happen to the global economy if US defaults

Some private economists see devastating effects, such as stock markets plunging. But other economists don't envision such a scenario, suggesting that the Fed, for example, may step in.