BREAKING NEWS: US endangers world economy by playing games with out debt.
WASHINGTON — The International Monetary Fund’s new chief , Christine Lagarde, foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to raise its borrowing limit.
Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said.
Tags: Misc.
Posted 10 Jul 2011 by theaveeditor
in Misc.