Tuesday, June 12, 2012

Lagarde: Just three months to save euro

(CNN) – Action to save the euro is needed in “more shortly than three months,” IMF Managing Director Christine Lagarde told CNN’s Christiane Amanpour in an exclusive interview.

Lagarde’s tight deadline was a response to billionaire investor George Soros’ prediction that Europe has three months to save the euro.

“The construction of the eurozone has taken time,” Lagarde said. “And it’s a work in construction at the moment.”

Lagarde declined to predict whether Greece would exit the eurozone.

“It’s going to be a question of political determination and drive,” she said.

Lagarde came under fire recently for highlighting Greek tax evasion. She apologized that her comments were taken “in a very inflammatory way and created offence.” Read More