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IMF chief watches as nations cope with slow growth


April 10. 2013 10:39AM
Associated Press



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(AP) The head of the International Monetary Fund says the greatest threat to a lasting economic recovery in Europe is "the fatigue of both governments and populations" over painful steps taken to boost growth and combat national debt.


IMF Managing Director Christine Lagarde says the economy seems better in the United States, although she's watching the effects of automatic budget cuts.


LaGarde was asked on "CBS This Morning" about a Time magazine cover asking, "Can this woman save Europe?"


She responds that Europeans must save themselves.


She says recovery efforts will last a long time because of 17 countries trying to reach accommodation on financial issues. Lagarde says she worries that Europeans might be thinking "they've done enough and now it's time to reap the benefits."


Associated Press


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