Christine Lagarde, IMF boss interview at Hardtalk, BBC News

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

Central Banks bending over to help various economies

Ad Majorem.....Wealth Builders



From: Moneynews.com  |  Sat, Apr 13, 2013 at 12:36 AM
Subject: Reinhart: Central Banks 'Bending Over Backwards' to Help Debt Crises

Reinhart: Central Banks 'Bending Over Backwards' to Help Debt Crises Special: Democrats' big advantage will disappear Invesco's Greenwood: Eurozone Faces 'Almost Endless' Depression Retail Sales Dropped in March by Most in Nine Months in Sign of Consumer Caution Sponsor Why Democrats could vanish Dear Reader, Here's something interesting, no matter what your political party affiliation. A prominent financial Journalist--based just outside of Washington, DC--says that in recent years, Democrats have had one HUGE advantage in the political system. But unbeknownst to most Democrats (and most Republicans too), this competitive advantage Democrats have enjoyed is about to completely vanish. And this will be a very, very big deal. When it happens, the whole political landscape is going to be turned on its head. And many of the programs, benefits, and promises Americans now take for granted will be threatened. I strongly recommend you check out this recent analysis. I can pretty much guarantee you won't see this story reported anywhere else, and it will almost certainly affect you and your family. We've posted the full story on our website, free of charge. You can view it here. Sincerely, George Rayburn Publisher, Stansberry Research To Read More Breaking Financial News go to Moneynews.com