Ad Majorem.....Wealth Builders
From BBC News | Interview by Stephen Zackur | April 22, 2013
Christine Lagarde, the IMF boss said that the Cypriot bail out was the most difficult job that IMF did; she was not very proud of how they did the bail out, but is proud of the team that worked hard on the bail out.
That crisis is telling everybody that EU must move away from just currency, to that of Euro bank, and EU politics. As of now, you have 17 nations with separate national anthem, treasury dept and you can just expect what we see to happen - a non union.
Perhaps, so as not to disturb the market, Lagarde was very cautious in her statement saying that the world economy is moving forward especially the emerging economies (PHL included) US and others who have difficulties. But Japan.....
She said that austerity, structural reforms must come together in rescuing a troubled economy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment