Lagarde Says Crisis ‘Escalating’

If countries don't work together, Europe risks the 'rising protectionism, isolation' seen in the '30s, IMF chief says.

The European debt crisis is growing to the point that it won’t be solved by one group of countries, Christine Lagarde, the managing director of the International Monetary Fund said today.

Lagarde said that if countries don’t work together, the world will face a situation similar to the 1930s, before the world slid into World War II.

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