Christine Lagarde

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the EU recovery plan which is preparing to create a trillion euro escape route from the Covid-19 pandemic.
The leaders of the 27 EU nations already agreed to a €540 billion rescue package. Italy and Spain, which stand second and third in Covid-19 cases and deaths, have the right to borrow from the bailout mechanism, but are reluctant to do so in fear that taking on more EU debt would bury southern Europe in never ending austerity programs.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss European Central Bank President Mario Draghi decision to cut deposit rates and start open-ended bond purchases. Draghi is making a final run at reflating the euro-area economy, before Christine Lagarde takes over as ECB chief.
Draghi and Lagarde are moving to further integrate the EU along the lines of French President Emmanuel Macron’s vision of an all-powerful, centralized Brussels ruling over weakened, periphery member states.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss Argentina elections set to take place on October 27th.
Argentina has imposed capital controls as the country is on the brink of its 9th default. Argentina’s Presidential front-runner has openly blamed, soon to be ECB head and former IMF chief Christine Lagarde, for the country’s imminent default by stating “the IMF is guilty”.
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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss how European Union leaders have agreed on who should fill the top unelected positions for its main institutions for the next five, years after a marathon summit where Merkel and Macron wrestled for control and influence over the authoritarian union.

Pierre Krahenbuhl, the head of the UN Relief and Works Agency for Palestine Refugees in the Near East, or Unrwa, briefs journalists at the UN after a pledging conference for the agency, June 25, 2019. The $110 million that was raised will get the agency through the summer. LOEY FELIPE/UN PHOTO
The United Nations refugee agency for Palestinians is vastly short of funds for 5.4 million people, while the Trump administration is doing its best to shut down the program and initiate new, albeit controversial financing.

IMF chief Christine Lagarde has been quite vocal about the threats that US President Donald Trump’s economic policies pose to the world economic order.
She’s been criticizing Trump’s brand of protectionism and one-on-one take it or leave it style of diplomacy at nearly every turn here lately.

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.

The managing director of the IMF, Christina Lagarde, warns that “it may not be wise to dismiss virtual currencies.” She says Bitcoin “puts a question mark on the fractional banking model we know today.”

As Russia’s economy continues to put on growth, and as annualised inflation in Russia falls to a post-Soviet low of 4.2% at the start of this month, the Russian government’s handling of the Russian economy has come in for high praise from IMF chief Christine Lagarde.
Her comments about the skill with which the Russian government has handled the dual problems of the 2014 oil price crash and the sanctions could scarcely be more fulsome

Unholy alliance: Soros and British Petroleum’s princes and sheikhs