IMF's Lipsky: Now Comes the Hard Part - Budget Cuts

Filed under: Financial Crisis

One of the world's leading economists is applauding Europe's leaders and other leaders for their unprecedented action to stabilize Europe's public finances, but is also cautioning that much real work remains.



Economist John Lipksy, first deputy director of the International Monetary Fund, told Bloomberg News Tuesday Europe's decision to commit up to $1 trillion in loans and guarantees to help debt-plagued countries transition to sustainable fiscal budgets, "is an important step" but added, "Now let's see what happens in other countries that need to undertake adjustment programs."

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IMF's Lipsky: Now Comes the Hard Part - Budget Cuts originally appeared on BloggingStocks on Tue, 11 May 2010 17:30:00 EST. Please see our terms for use of feeds.

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