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We take a look back 75 years ago to July 1, 1944, when representatives from 44 nations convened to devise a post-World War II monetary system. The…
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Signed in New Hampshire seventy years ago this summer, the Bretton Woods Agreement established the U.S. dollar as the new standard for global trade. We’ll…
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At a news conference kicking off the spring meetings of the International Monetary Fund and the World Bank, IMF Managing Director Christine Lagarde said she wants to secure at least $400 billion for a special crisis fund for Europe. Thus far, the U.S. has chosen not to contribute.
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In an interview with NPR, Lagarde said the loose governmental nature of the union is a problem, a challenge and perhaps a solution.