The chief of the IMF, Christine Lagarde, weighed in on the U.S. debt ceiling dilemma, warning that 'creative accounting' would not be the solution.
Christine Lagarde Managing Director of the International Monetary Fund addressed the International Finance Forum in Beijing earlier this week.
Bloomberg reports that Christine Lagarde, the new MD of the International Monetary Fund chief, has warned that the world economy is in a 'dangerous new phase' and that officials must take new steps to strengthen growth.
Here's the latest from our Highly Placed Professional.
'Mr. Dominique Strauss-Kahn today informed the Executive Board of the International Monetary Fund (IMF) of his intention to resign as Managing Director with immediate effect. Mr. Strauss-Kahn made the following statement in a formal letter of resignation to the Board:
International Monetary Fund chief Dominique Strauss-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.
Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., U.S. House Democratic Leader Nancy Pelosi and Eswar Prasad, a senior fellow at the Brookings Institution in Washington, offer their views on the arrest of International Monetary Fund Managing Director Dominique Strauss-Kahn for alleged sexual assualt and attempted rape.