Christine Lagarde
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Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
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May 17- In the nearly five years since the worst financial crash since the Great Depression, the remedy for the world's economic doldrums has swung from full-on Keynesianism to unforgiving austerity and back.
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*Washington's Lew tells Japan to stick to currency rules. *Japan minister says G7 not concerned about its policies.
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The United States warned Japan on Friday to stick to the rules when it came to the value of its currency, setting the stage for a potentially uncomfortable meeting of G7 finance ministers outside London. "Japan has growth issues for a long period of time that we have encouraged Japan to address.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softer stance on European banking union on Tuesday, saying that rather than waiting for a treaty change, governments should coordinate policies on closing banks.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead using current law without seeking treaty changes.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead using current law without seeking treaty changes.
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AMSTERDAM, May 7- For European banking union to succeed, all EU member countries need to be in agreement, Christine Lagarde, managing director of the International Monetary Fund, said on Tuesday. "You need to have all the players at the table," Lagarde, managing director of the IMF, told students at the University of Amsterdam when asked about Germany's concerns.
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AMSTERDAM, May 7- For European banking union to succeed, all EU member countries need to be in agreement, Christine Lagarde, managing director of the International Monetary Fund, said on Tuesday. "You need to have all the players at the table," Lagarde, managing director of the IMF, told students at the University of Amsterdam when asked about Germany's concerns.
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WASHINGTON, April 26- The International Monetary Fund on Friday welcomed Spain's decision to ease up on its austerity drive, saying it should aid employment while still helping to return the nation to fiscal health.
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PARIS, April 25- France Telecom's chief executive is to appear before the disciplinary wing of a French court in charge of auditing public spending as part of a probe into alleged corruption when he was a government aide.
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*Weakened rapport with Germany not good for Berlin. BRUSSELS/ PARIS, April 24- A few hours after midnight one Sunday last month, as negotiations over a rescue for Cyprus dragged into a second day, French Finance Minister Pierre Moscovici fell asleep.
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WASHINGTON, April 20- Global finance officials endorsed a new World Bank goal to end extreme global poverty by 2030 and emphasized that its focus should be on ensuring that the poorest benefit from strong growth and rising prosperity in developing nations.
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WASHINGTON, April 20- Global finance officials on Saturday said monetary policy alone was not enough to restore confidence in the shaky global economy as they urged countries to take other steps to reinvigorate growth and create jobs.
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Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
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*Russia's Siluanov: G20 agreed on' soft parameters' on debt. Russia- this year's G20 chair- had hoped to secure an agreement on setting fixed targets for reducing debt by the time G20 leaders meet in St. Petersburg in September.
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WASHINGTON, April 18- The euro zone will now spread its fiscal consolidation efforts over more time to help reinvigorate economic growth, as the initial, radical efforts helped restore some market credibility, EU Economic and Monetary Affairs Commissioner Olli Rehn said.
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*Europe, U.S. outlook scaled back. LONDON, April 11- This year now looks unlikely to deliver much improvement in the world economy's growth rate, with a weaker outlook for Europe and the United States tempering the cautious optimism that was evident in January.
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April 11- Almost exactly a decade ago, Ben Bernanke visited Tokyo as a member of the Federal Reserve Board- he was not yet the powerful Fed chairman- and gave some shocking advice to his Japanese counterparts.
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CNBC's Maria Bartiromo speaks with IMF Managing Director Christine Lagarde about the impact of the Federal Reserve's stimulus on the U.S. economy, the situation in Europe and overall bank risk.
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NEW YORK, April 10- Global growth is likely to remain tepid this year and central banks should keep their easy monetary policy in place, the head of the International Monetary Fund said on Wednesday.