Wednesday, January 25, 2012

Summary Box: Lagarde urges Europe to boost growth (AP)

EASE UP ON AUSTERITY: The head of the International Monetary Fund said that some of the stronger eurozone countries could deal with their debts in a less aggressive way to shore up economic growth.

FIREPOWER: Christine Lagarde, also a former French finance minister, added that the European bailout fund should be increased.

CONTEXT: Germany, Europe's biggest economy, has paid for a large chunk of Europe's bailouts. It has put austerity at the heart of the eurozone rescue effort and is reluctant to put more money into rescue funds.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120123/ap_on_bi_ge/eu_germany_imf_summary_box

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