Lagarde Says IMF May Need More Funds
(WSJ-Europe, 7/27/11)


"The question is, do we still have the level of resources that is now needed and appropriate to address…the crises," Ms. Lagarde said at a Council of Foreign Relations event in New York. "Maybe it could do with more. In the not-too-distant future, we will probably have to revisit this issue."

Given the record level of demand for external financing, economists have doubted the IMF—or the euro zone—has sufficient backstop capital to handle larger euro-zone countries that are increasingly at risk of needing financial help.

Italy and Spain, in particular, continue to come under attack by markets uneasy over the countries' financial and fiscal health.

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