Christine Lagarde grilled over Osborne apology
Sunday 08 June 2014
Christine Lagarde asked yesterday whether she had to apologise “on my knees” to George Osborne after the International Monetary Fund accused the Chancellor last year of “playing with fire”.
“We got it wrong. We acknowledged it,” the IMF managing director said on the BBC’s Andrew Marr Show. “Clearly the confidence building that has resulted from the economic policies adopted by the government has surprised many of us,” she added.
Last year the IMF’s chief economist Oliver Blanchard said Mr Osborne’s austerity measures “were playing with fire”. However in April the body raised the UK’s growth forecast higher than any other major economy.
When asked whether she had apologised to Mr Osborne, Ms Lagarde asked: “Do I have to go on my knees?” She said: “We said very clearly we had underestimated UK growth and our forecasts had been proven wrong by the reality of economic developments.”
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 5 Israel's propaganda machine is finally starting to misfire
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...