- Says Spanish economy clouded by euro zone woes
- IMF won’t leave negotiation table on Greece.
- Broad decline in confidence fueled by weak data coming out of countries and investors reacting to that.
- Uncertainty over the euro zone debt crisis and the potential for a so-called “fiscal cliff” in the U.S., raised “serious questions” about the U.S. economy, were predominantly weighing on confidence.
- If European leaders followed through on commitments made at the June summit to tackle the debt crisis “there are reasons to hope the situation will improve”.
- Largarde defends IMF role in Europe. Vows “to do everything I can” to protect the IMF’s credibility as it deals with Europe.
I almost forgot the “troika” was still vacationing in Greece .
