IMF's Lagarde warns world not to lose momentum

International Monetary Fund Managing Director Christine Lagarde warns that just because Europe avoided a collapse doesn't mean the work is done. "We should make sure that none of the decision-makers and none of the authorities relax, assuming that because there is a bit of recovery in sight ... it is time to slow the pace and go back to business as usual," she said. Further steps need to include continued monetary easing to stoke demand, Lagarde says.

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