That was the message Gerald Lyons, chief economist of Standard Chartered gave on Jeff Randall tonight. He nailed Lagarde's obsession with debt. The problem is not debt but lack of growth or even contraction.
The Germans are doing very well in China as they make thimgs the Chinese want to buy. Not so here in the UK. No amount of Dave PR can change that.
Spain sinks deeper into the mire. The Germans won't go there. A big problem for the EU