Global recovery in dangerous phase: IMF’s Lagarde – MarketWatch

“[European] banks need urgent recapitalization. They must be strong enough to withstand the risks of sovereigns and weak growth. This is key to cutting the chains of contagion,” Lagarde said.

http://www.marketwatch.com/story/global-recovery-in-dangerous-phase-imfs-lagarde-2011-08-27

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