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Wednesday, November 14, 2012

IMF's Lagarde wants "real fix" for Greece as slowdown spreads

IMF Managing Director Christine Lagarde speaks during a news conference in Kuala LumpurKUALA LUMPUR (Reuters) - Greece needs a lasting solution to its debt burden to avoid a prolonged crisis as Europe's slowdown and U.S. fiscal problems dampen the economic outlook in Asia, International Monetary Fund Managing Director Christine Lagarde said on Wednesday. The IMF expects a "real fix" for Greece that puts its debt on a sustainable path as quickly as possible, Lagarde said, showing no signs of backing down in a clash with the EU over how Athens can bring its debt down to a sustainable level. ...



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