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08.11.2011
Director of the International Monetary Fund, Christine Lagarde, visited Moscow
Director of the International Monetary Fund, Christine Lagarde, visited Moscow

Lagarde said:

"The time has come the time for decisive joint action. We can face the downward spiral of uncertainty, financial instability and collapse in global demand. This is the worst scenario, but it can happen. "

Russia Christine Lagarde warned of increasing budget spending ahead of elections and advised to restore foreign exchange reserves are held as long as high oil prices. Dependence on the price of "black gold" IMF chief called in the number of vulnerabilities in Russia.

http://ru.euronews.net/2011/11/07/russia-reluctant-to-help-euro-zone-bailout/

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