Lagarde Warning IMF Concerned about Possible German Austerity

Germany should move slower on fiscal consolidation and savings to counteract the economic effects of austerity programs currently throttling growth in Southern Europe, argues Christine Lagarde. Still, the IMF chief remains cautiously optimistic about the euro-zone's economic prospects for the next year.
International Monetary Fund head Christine Lagarde has said that Germany should be the motor of growth in the EU.

International Monetary Fund head Christine Lagarde has said that Germany should be the motor of growth in the EU.

Foto: Mauricio Duenas Castañeda/ dpa
cgh -- with wire reports