IMF Head: Euro Crisis ‘Escalating’

The European debt crisis is rapidly getting worse, IMF head Christine Lagarde said Thursday, Bloomberg reports:

“There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see not only unfolding, but escalating at a point where everybody would actually have to focus on what it can do,” Lagarde said.