Lagarde on Bloomberg TV
- Colombia, Phillippines and Mexico may lose big banks due to regulations
- Turkish central bank officials reacted very strongly, concerted
- Brexit vote accelerates need to consolidate EU
- Officials need to bring value to European people
- Transparency needed for resolving Italy's bank issues
- Italian officials have been 'spot on' in identifying Italian banking issues
- Sees significant progress in macroeconomic situation of UK in recent years
- Says UK should identify goals and timeline of Brexit
- Helicopter money is fiscal stimulus to the extreme
- Doing away with globalization is an illusion
- Nations need more growth friendly measures
That wraps up the comments. There wasn't much to take away there. Some cheerleading, calls for stimulus (a Lagarde standard) and calls for cooperation.
The IMF tanning bed still seems to be working
