DeSwiss

DeSwiss's Journal

March 27, 2015

Exclusive interview with IMF chief Christine Lagarde

Published on Mar 25, 2015
On the sidelines of the China Development Forum in Beijing, CCTV News caught up with the IMF chief to discuss the future of reforms in the organization, cooperation with China, the prospects for cooperation between the IMF and the AIIB and much more. Watch this exclusive interview.

IMF head Christine Lagarde welcomes China-backed bank on visit to Beijing
AFP
March 24, 2015, 12:00 am TWN

BEIJING--International Monetary Fund (IMF) head Christine Lagarde said Monday she welcomed Beijing's creation of a new infrastructure bank — an institution that has drawn support from Europe and skepticism from Washington.

Lagarde made the comments as she wrapped up a five-day visit to China and after a host of European countries announced their intention to sign up for the China-led Asian Infrastructure Investment Bank (AIIB).

The moves by Britain, Germany, France, Italy and others have caused consternation in the United States and Japan, which lead the World Bank and the Manila-based Asian Development Bank respectively. Some view the new bank as a competitor to the two institutions.

In a statement issued after she met Premier Li Keqiang, Lagarde hailed Beijing's “impressive efforts” to reform in areas including combating corruption, controlling pollution and “clearing the path to even more engagement with the world.”

“I welcomed China's various initiatives in this area, including through the newly established Asian Infrastructure Investment Bank,” she said.

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- Or, instead we could just do nothing. You know we could wait around, like always, and fuss and fight about which one of Wall Street's anointed ones is the bestest one of all! And then elect them -- and then let them figure-out how to get us out of this mess that they got us into -- and hope for the best. Or, we could try our own hand at it.

Because we couldn't fuck things up any worse than they already have........