Lagarde warns crisis must be solved to avoid negative spiral

The head of the International Monetary Fund (IMF), Christine Lagarde, warned that it is necessary to solve the crisis in the euro zone to avoid that the global economy enters in a “negative spiral of distrust and weakened growth.”

“Without a solution in the euro zone, the global economy will be in the risk of a negative spiral of distrust, weakened growth and lack of occupation,” Lagarde said.

The head of the IMF admitted that the organization “is worried about the risks of the global economy.”