The International Monetary Fund (IMF) warned that the world economy in danger partly because the debt crisis in Europe protracted. Therefore, the IMF urged countries in Europe to raise one voice to solve the debt crisis that has spread to the global financial system.
“The economy is in danger,” said IMF Managing Director Madeleine Christine Lagarde told French media Odette Journal du Dimanche in an interview published in Paris, as reported by Reuters on Sunday 25,12,2011.
A week ago, Lagarde said it would revise forecasts world economic growth in 2012 is currently set 4 percent. However, he has not mentioned his latest numbers.
According to Lagarde, the debt crisis in Europe still continues even though the EU has held a summit meeting on December 9, 2011. The economy in danger, the crisis is expected to continue into 2012.
This is a crisis of confidence in the government debt in Europe and was spread on the financial system to be not solid.
On December 9, the European Union failed to obtain an agreement related to efforts to deepen cooperation in the economic integration of the Euro Zone. That led to the expansion of the crisis did not just happen in the nearest country Greece, but also powerful countries in Europe, namely Germany and France.
“The results of the meeting were not enough detail regulate the financial sector and are too complicated to economic fundamentals. So, it would be very helpful if the European one vote and announce the completion time frame of the crisis,” he said.