christine-lagarde.jpgThe head of the International Monetary Fund, Christine Lagarde has warned that the inappropriate austerity measures adopted in the Eurozone’s debt-ridden countries could strangle growth prospects.
Ms Lagarde told the world economic forum in Davos, Switzerland that austerity measures should be tailored to individual economies rather than being introduced across the board.

The five-day conference which ended yesterday  in Davos, focused on issues such as the European debt crisis, financial instability in the west, social unrest and rising inflation.

The IMF chief, who is trying to boost her organization’s resources by 500 billion euros, pleaded with the gathered leaders for extra funds to support the crisis-hit countries.