Europeans, including IMF chief and Americans clashed on Thursday in Davos during a debate on monetary stimulus that degenerated into a skirmish over the European Union economy and the Euro.
“There is a general expectation to compare the U.S. economy and the Euro area and I don't think that's a reality,” Christine Lagarde, IMF Managing Director said after an onslaught from her largely American co-panelists, including the CEO of megabank Goldman Sachs.
Hand-wringing over the fate of a wobbly Europe has become a Davos tradition, ever since debt-wracked Greece threatened to destroy the Euro zone in 2010. This year was no different, especially with Greek elections set for Sunday and the European Central Bank's decision to unleash a massive bond-buying scheme worth 60 billion Euros despite resistance from the bloc's most powerful member, Germany. Click here to read more.