Don’t Let Fiscal Brakes Stall Global Recovery

Christine Lagarde warns against overly swift tightening. In today's FT: Don’t Let Fiscal Brakes Stall Global Recovery : "...support for growth in the near term is vital to the credibility of any agreement on consolidation. After all, who will believe that commitments to cuts are going to survive a lengthy stagnation with prolonged high unemployment and social dissatisfaction?"