"Christine Lagarde will have immense power to lead the transformation of the world’s economic system to one that supports the 99% and keeps the world below the 1.5 degree climate threshold. Will she use that power for good?" asks Mike Sandler.
The EU's collective austerity programme will do little or nothing to save the problem countries - Ireland, Greece, Portugal and Spain - from default and the rescue fund set up by the IMF and the ECB will only buy time before they do so. Richard Douthwaite argues that a limited, targeted injection of non-debt-based euros could provide a neat and swift solution to a debt problem the whole eurozone shares.