She said $12trn (£9trn) in support from governments for households and firms, together with central bank monetary policy - which has included ultra-low interest rates and bond purchases - had "put a floor under the world economy". ‘If people paid the tax they were due to pay it would make hardly any difference,’ she said. The truth is unpalatable, but Christine Lagarde is right to tell Greeks to pay their taxes, Kuha and Poorna smile and hug relatives at their wedding in 2015, Andrea Leadsom 'would regret' going into a further lockdown, Chinese parents cry inconsolably as they finally find their son, Farmers vent anger and storm South African court after farm murder, PM grills Starmer: 'That's not new leadership, that's no leadership', Kenya: Crowd hurl rocks at hippo after it dragged child into lake, Prince William surprises schoolchildren as he talks about insects, 'My grandfather and father inspired me': Prince William on initiative, One of BA's last two Boeing 747 planes lands in Kemble, Trump appears breathless after taking off his mask at the White House, British Airways bid farewell to BA 747 plane from London Heathrow, Prince William turned off Attenborough doc after George got sad. The IMF managing director said economies across the world saw an "unprecedented fall" in the second quarter of the year when about 85% of them were in coronavirus lockdowns for several weeks. Play it now. Christine Lagarde provoked a furious backlash after blaming Greece’s economic plight on citizens ‘who are trying to escape tax all the time’. IMF chief Christine Lagarde pays NO TAX on her £300,000 salary (despite attacking Greece for dodging payment) Most watched News videos PM Boris Johnson shows off 'hopeless' woodworking skills And prone to setbacks.". In addition, she is entitled to expenses for ‘entertainment’ and travel and hotel costs for her and her partner when the IMF meets in Washington DC. ‘How can someone who is living tax-free, way beyond the means of the Greek parent who can’t feed their children, say “tough, you’re living in austerity, you’ve got to keep us happy”?’ he asked.
The WTO also credited aggressive fiscal and monetary policies with supporting demand. BERLIN - German health experts warned on Thursday that the coronavirus could "spread uncontrollably" in the country, as infections surged across Europe and governments prepared to renew some lockdown measures. Amid a flood of government spending, the global downturn sparked by the coronavirus pandemic will not be as bad as originally feared, IMF chief Kristalina Georgieva said Tuesday, but she warned that the crisis is far from over. Yet the scale of policy support has been uneven, and some countries "still hurting badly" would see their outlooks revised on the downside next week, said Ms Georgieva. He said many Greeks are now withholding their taxes as they believe the country is being run by the IMF instead of an elected government. 24 Sep 2020 at 07:00. You will get the updates within 24 hours. "The global economy is coming back from the depths of this crisis," she said. This equates to about £13,500 of Mrs Lagarde’s basic wages. Gen Narongphan added the top brass serve as role models for the younger solders.
The head of the International Monetary Fund enjoys a tax-free income of £350,000, it emerged yesterday – days after she attacked Greeks for failing to pay their taxes. In June, the organisation forecast a 4.9% contraction in GDP for 2020 - including a 10.2% collapse for the UK - marking the sharpest slump since the Great Depression of the 1930s. He said they had dedicated their time and energy to fulfilling their duties to protect the nation's sovereignty and the public interest and to maintain law and order. By subscribing, you accept the terms and conditions in our, ©2020 Bangkok Post Public Company Limited, New army chief pledges to restore peace to society.
Ms Georgieva's slightly improved outlook for the world economy overall was echoed by a new forecast from the World Trade Organisation. IMF chief says world economy faces long ascent from Covid crisis Kristalina Georgieva warns against premature withdrawal of government measures Coronavirus – latest updates WASHINGTON, Sept 10 ― The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said yesterday.
Tax expert Richard Murphy said Mrs Lagarde’s comments were ‘so insensitive’. Christine Madeleine Odette Lagarde (French: [kʁistin madlɛn ɔdɛt laɡaʁd]; née Lallouette, IPA: ; born 1 January 1956) is a French politician and lawyer serving as President of the European Central Bank since November 2019. "We won't hesitate to sacrifice our time whenever we are needed," Gen Pornpipat said. She added that Mrs Lagarde had not grasped the true nature of the problems facing the eurozone. Asked if Greeks were experiencing payback for years of bad practices, she said: ‘That’s right.’ She later sought to clarify her remarks, insisting she had been largely referring to the wealthy. Gen Narongphan Jitkaewtae, the incoming army chief, on Wednesday pledged to restore peace to Thai society, support the country's development and be loyal to and protect the monarchy. Thank you for subscribing our enewsletter. .
She said Greeks could ‘help themselves collectively’ by paying their taxes. STOCKHOLM: American poet Louise Gluck won the 2020 Nobel Literature Prize on Thursday, an unexpected choice known for themes of childhood and family life that draw inspiration from myths and classical motifs. "Protecting the monarchy with absolute loyalty and supporting the government to resolve national problems and working to advance the country are tasks for which [the generals] deserve the honour," he said. It now expects the economy to shrink by 11.2% this year, down from a previous prediction of a 9.2% contraction.
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