European Central Bank chief Christine Lagarde has responded to a recent German court ruling that challenged the bank's authority by saying the ECB is an independent institution, accountable to the European Parliament, that will continue to do whatever it takes to deliver its mandate.
A stronger firewall is needed to protect the world economy from Europe's debt crisis, but the International Monetary Fund may not need as much money as it thought just a few months ago, said IMF Managing Director Christine Lagarde.
Christine Lagarde faces a difficult balancing act between helping to resolve the eurozone crisis, where she has been deeply involved, and addressing potential crises in the developing world, argues Raghuram Rajan.
Polish Prime Minister Donald Tusk said today (20 May) that Leszek Balcerowicz, architect of his country's 'shock therapy' reforms in the early 1990s, could be a good candidate to become the new head of the International Monetary Fund.
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