News Column

Lagarde Warns of 'Massive Disruption' to Global Economy

October 14, 2013

Radio Free Europe

christine lagarde
Christine Lagarde, chief of the International Monetary Fund (file photo)

The head of the International Monetary Fund (IMF) has warned of a "massive disruption" to the global economy if the U.S. debt ceiling, which will be reached on October 17, is not lifted.

Christine Lagarde was speaking to U.S. television as Senate negotiations to bring the fiscal crisis to an end took place.

Earlier on October 13, McConnell issued a statement calling on Democrats to accept a bipartisan plan that would end the government shutdown and raise the borrowing authority.

As the impasse continued, China's state news agency Xinhua called for an end to the "pernicious impasse" and said it was time for a "de-Americanized world."

China is the largest foreign holder of U.S. debt.

Based on reporting by Reuters and dpa

Copyright (c) 2011. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.

(c) 2011 Federal Information & News Dispatch, Inc.

Original headline: IMF Head Warns U.S. Of 'Massive Disruption' To World Economy

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Source: Copyright (c) 2011. RFE/RL, Inc.

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