Gian Maria Milesi Ferretti

Gian Maria Milesi Ferretti appears in the following:

IMF Chief Warns of Global Consequences of US Default

Wednesday, July 27, 2011

The looming threat of the U.S. defaulting on its debt has prompted many to discuss what the consequences might be here. But what happens to the rest of the world if the U.S. defaults? According to the International Monetary Fund, it will be a disaster. At a press conference yesterday, IMF chief Christine Lagarde called a U.S. default "a very, very, very serious event, not just for the U.S., but the global economy at large."

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