Christine Lagarde: This is what we can still learn from the Great War

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Christine Lagarde, Managing Director, International Monetary Fund (IMF). This article was initially blog IMF. Mark Twain once said that “History never repeats itself, but it does often rhyme.” As heads of state gather in Paris this week to […]

IMF’s Lagarde: Estimating Cyber Risk for the Financial Sector

This story is brought to you in association with the International Monetary Fund Written by Christine Lagarde, IMF’s Managing Director Average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year (photo: Eti Ammos/iStock by Getty Images) Cyber risk has emerged as a significant threat to the financial system. […]

IMF’s Lagarde: Ukraine must fight corruption

This story is brought to you in association with the International Monetary Fund Statement by the IMF Managing Director on Ukraine, June 19, 2018 Christine Lagarde, Managing Director of the International Monetary Fund (IMF), and Petro Poroshenko, President of Ukraine, spoke yesterday about recent events. Following the call, Ms. Lagarde issued the following statement: “I […]

Our Digital Future

This article is brought to you in association with IMFBlog Written by Camilla Lund Andersen “Money makes the world go around,” Liza Minnelli famously sang in the movie Cabaret. Money has for centuries been central to human relationships. Loss of faith in its value can result in economic and political instability, even war. In the […]

Christine Lagarde: the three priorities for the global economy

This article is published based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Christine Lagarde, Managing Director, International Monetary Fund. In a speech in Hong Kong ahead of the 2018 International Monetary Fund/World Bank Spring Meetings, IMF Managing Director Christine Lagarde called on policymakers to steer clear of protectionism, guard […]

German elections: Is Merkel losing ground or Shultz is winning?

Martin Schulz’s candidacy for Chancellor has changed the balance in the German elections as polls show that Angela Merkel and the Christian Democrats (CDU) are left in the second place after the Social Democrats (SPD). The polls which are conducted by the Emnid institute and by Forschungsgruppe Wahlen for broadcaster ZDF reveal a clear lead […]

Deutsche Bank chased away from US, threatened with more fines

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]

WEF Davos 2016 LIVE: “There is a communication issue (about China) which markets don’t like” Christine Lagarde, Managing Director of IMF stresses from Davos

At the second day of the World Economic Forum 2016 in Davos the world was anticipating very much the session on China’s outlook and how its growth slowdown affects the entire world. This issue was addressed in a session called “Where is the Chinese Economy heading?” which took place in Sanada room of the Davos Congress […]

The third bailout agreement for Greece is a done deal amid European economies full of problems

After a very long session that lasted nearly 25 hours, the Greek government through 222 MP’s said a clear YES to the terms of the third bailout agreement. This strong positive vote provided to Euclid Tsakalotos, the Greek Finance Minister, the necessary tools to seal the deal with his counterparts, which realized late last night at […]

GREXIT final wrap-up: nobody believed Aesop’s boy who cried wolf so many times

“The boy who cried wolf” is a famous Aesop’s fable having a boy Shepherd calling the village for help too often just for the fun of his. Of course after many false alarms when the village came to help the boy for nothing, soon they just ignored his next calls. We also all remember the bitter […]

Will ECB win against low inflation by not following Quantitave Easing?

On the 5th of June, the European Central Bank (ECB) decided not to fully deploy all the tools of Quantitative Easing (QE) programme, which showed that the ECB is not yet ready to risk everything in order to deal with low growth and inflation rates. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) […]

The IMF overstates the risks for Eurozone and downgrades the threats for the US economy

Once more, the International Monetary Fund, with its latest issue of World Economic Outlook, comes back to criticizing Eurozone’s low inflation rate calling it, a ‘key downside risk’ to global growth. Last week IMF’s managing director Christine Lagarde had also singled out Eurozone as the dark growth spot in the developed world threatened by super […]

The ECB ‘accidentally’ followed IMF‘s policy advice for growth and job creation by printing more money

Christine Lagarde, Managing Director of the International Monetary Fund, speaking in Washington DC last Wednesday 2 April stressed that the world economy, in the aftermath of the Great Recession of 2008-2012, faces a long period of slow and sub-par growth, “well below the solid, sustainable growth that is needed to create enough jobs and improve […]

Income inequality threatens the socio-political structures in developed countries

Christine Lagarde, Managing Director of IMF, is not renowned for her social concerns and sensitivities. Yet, while speaking last week at the National Press Club, in Washington DC, about “The Global Economy in 2014”, among other important policy proposals for the world to exit the era of the “seven weak years”, she didn’t forget to […]

IMF asks Europe to decide on bank resolutions and the Greek Gordian knot

In view of the fast deteriorating relations between the European Union and the International Monetary Fund over the needed measures to confront the Greek Gordian knot and Eurozone’s banking sector problems, a culmination is expected in a few days. The exchanges between the two sides, recorded this week are indicative of the worsening climate over […]

Two women threaten to tear the world apart

 The women’s lib movement can be very proud nowadays. Suffragettes must be very happy. Their kind in a few decades managed not only to vote but to hold in their hands the fate of the globe. All that because this week became clear that Christine Lagarde, heading the International Monetary Fund and Angela Merkel, leader […]

Lagarde’s metamorphoses, not a laughing matter

International politico-economic relations is a tricky field, with the major players constantly changing stance, according to their short term interests, putting aside whatever honourable principles are left in their decision making procedures. And all that being discussed and decided upon, by a handful of people behind closed doors. If those people were not playing with […]

The world to teach Germans to…un-German

Italians and Greeks are trained tax dodgers for millennia now, while Spanish banks lately discovered how to usurp their depositors’ money. No wonder then why the three Mediterranean nations found it difficult to endure the Teutonic straight euro money jacket. As for the Portuguese and the Irish they both followed those Med attitudes and the […]