IMF leader urges calibrating austerity to nations' capacity to endure

10/17/2012 | Washington Post, The

Although tax boosts and spending cuts are still in order for debt-burdened eurozone countries, the speed with which austerity is implemented should be gauged according to local conditions to avoid strangling weak economies, said International Monetary Fund Managing Director Christine Lagarde. Lagarde's comment comes as economists begin to acknowledge the devastation wrought by austerity policies and after a recent softening in stance by German Chancellor Angela Merkel.

View Full Article in:

Washington Post, The

Published in Brief: