Summary Box: Lagarde urges Europe to boost growth

AP News
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Posted: Jan 23, 2012 12:41 PM
Summary Box: Lagarde urges Europe to boost growth

EASE UP ON AUSTERITY: The head of the International Monetary Fund said that some of the stronger eurozone countries could deal with their debts in a less aggressive way to shore up economic growth.

FIREPOWER: Christine Lagarde, also a former French finance minister, added that the European bailout fund should be increased.

CONTEXT: Germany, Europe's biggest economy, has paid for a large chunk of Europe's bailouts. It has put austerity at the heart of the eurozone rescue effort and is reluctant to put more money into rescue funds.