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Legarde davos 2012 28 01

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Lagarde pushed euro zone at Davos to boost financial firewall.
The search is part of a fraud investigation surrounding former French president Nicolas Sarkozy.
The IMF asked the US to draw back government spending cuts that took effect earlier this year, calling them "excessively rapid and ill-designed."
"The budgetary procedure that is in place in the United States, which leads to a budgetary adjustment, seems to us absolutely inappropriate," Lagarde said.
Legarde davos 2012 28 01

IMF Managing Director Christine Lagarde on December 6, 2011.

PAUL J. RICHARDS