European officials call on IMF chief Lagarde to clarify her "misguided" Jackson Hole speech in...

|By:, SA News Editor

European officials call on IMF chief Lagarde to clarify her "misguided" Jackson Hole speech in which she called for recapitalization of the weaker parts of the EU banking system. "The key issue is funding... to talk about capital is a confused message. Everybody is quite concerned," says an unnamed central banker.