Lagarde asks for more

IMF’s Lagarde calls for more action to fix economies

Urgent action is need in the eurozone, while China “loses out” by not attending the meetings, the IMF head tells reporters in Tokyo ahead of the 2012 IMF-World Bank gathering this week.
Christine Lagarde is hounded by the media after the press conference in Tokyo yesterday

Central bankers need to do more to put the global economic recovery back on track, Christine Lagarde, managing director of the IMF, warned yesterday.

Speaking at a press briefing in Tokyo, she said that central banks had made many of the right decisions, but that more action was needed. “Where should we see action” she asked. “Certainly in Europe and, more specifically, in the eurozone, which is still at this point the epicentre of the crisis, and where most urgent action is needed.”

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