“There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see not only unfolding, but escalating at a point where everybody would actually have to focus on what it can do,” Lagarde said. If the international community doesn’t work together, “the risk from an economic point of view is that of retraction, rising protectionism, isolation,” Lagarde said. “This is exactly the description of what happened in the ‘30s and what followed is not something we are looking forward to.” [Bloomberg]

Comments (55)

  1. Posted by PermaGuestII | December 15, 2011 at 2:04 PM

    Just remember to fortify the Ardennes this time, okay?

  2. Posted by pazzo83 | December 15, 2011 at 2:07 PM

    OK OK, we surrender!!!

    - France

  3. Posted by Guest | December 15, 2011 at 2:09 PM

    I'd still hit it.

    –DSK

  4. Posted by God Particle | December 15, 2011 at 2:09 PM

    Duh.

  5. Posted by Guest | December 15, 2011 at 2:20 PM

    frank but flippant

  6. Posted by Guest | December 15, 2011 at 2:20 PM

    Don't worry, we got this.

    Fool me once, shame on you.
    Fool me twice, shame on you.
    Fool me three times, shame on me.

    - France

  7. Posted by Chevy_Chased | December 15, 2011 at 2:28 PM

    France is setting the stage for the next phase in warfare… the preemptive surrender.

  8. Posted by Guest | December 15, 2011 at 2:31 PM

    Great, now we get to see Merkel marching through Paris on the History Channel for the next century.

  9. Posted by Guest | December 15, 2011 at 2:42 PM

    Jesus christ I hate you so much.

    - Guy with vivid imagination

  10. Posted by demographic | December 15, 2011 at 2:46 PM

    Is that an older version of the McPoyles' sister?

  11. Posted by Guest | December 15, 2011 at 2:51 PM

    I used to be a man.
    -Christine L.

  12. Posted by PermaGuestII | December 15, 2011 at 2:52 PM

    It moved- inward.

  13. Posted by Frogs | December 15, 2011 at 2:55 PM

    Good call on the Maginot line.

    - Belgium

  14. Posted by Guest | December 15, 2011 at 2:58 PM

    I threw up in my mouth

  15. Posted by GuestWho | December 15, 2011 at 2:59 PM

    I LOLed for real.

  16. Posted by Jesus Christ | December 15, 2011 at 3:09 PM

    I double-dog-dare you to say that again.

  17. Posted by Lt/ D.L. Einhorn | December 15, 2011 at 3:09 PM

    Technically I still am.

    -The other Einhorn

  18. Posted by guest | December 15, 2011 at 3:15 PM

    Honi soit qui mal y pense

  19. Posted by Texashedge | December 15, 2011 at 3:19 PM

    I believe you may be confusing the von Schlieffen Plan with the Manstein Plan, mein Herr.

  20. Posted by DingALing | December 15, 2011 at 3:21 PM

    WW III will still have Germany being the bad guys. And afterwards, they'll still build themselves up to be a great economic power. Maybe by WW IV Europe will start to use their business model?

    -Guy that's 1/4 German……and 1/4 french

  21. Posted by PermaGuestII | December 15, 2011 at 3:27 PM

    Dieu et mon droit!

    -College of Heraldry Quant

  22. Posted by Pierre von Guest | December 15, 2011 at 3:29 PM

    The other 2/3 must be idiot because you clearly can't have a whole continent of exporters, you moran.

    -Former LEH Macroeconomic Analyst, aspiring genealogist and writer

  23. Posted by PermaGuestII | December 15, 2011 at 3:31 PM

    Who gets the Italians this time around?

    -W. S. Churchill

  24. Posted by Guest | December 15, 2011 at 3:34 PM

    And then you threw up in my mouth.

    - UBS 2girls1cup quant (motives examined, comment posted anyways)

  25. Posted by Gozer | December 15, 2011 at 3:45 PM

    ROFJO

  26. Posted by guest | December 15, 2011 at 3:58 PM

    Photo caption:

    C. Lagarde – "Did anyone see that episode of Family Guy where Meg Griffin took it in the ear? Hilarious!"

  27. Posted by Guest | December 15, 2011 at 3:59 PM

    You are a sick, sick fuck……..you forgot to add Rosie O'Donnell giving birth in a baby pool full of water nearby.

  28. Posted by Guest | December 15, 2011 at 3:59 PM

    Dibs! We'll also take Spain off your hands.
    -Morocco

  29. Posted by unreal | December 15, 2011 at 4:14 PM

    I know how you kids like em sloppy!…..

    Lady you're scaring us!

    - Guy who is insecure that others wouldnt get the joke, so runied it by adding too much.

    should have just been, Lady you're scaring us!

    Ok, now Ive really ruined it

  30. Posted by The Truth | December 15, 2011 at 4:24 PM

    "There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see"

    Agree to disagree

    - K. Jong-IL

  31. Posted by Duncan | December 15, 2011 at 4:24 PM

    Like anyone would be trying to get her garter belt

  32. Posted by Abe_Froman_ | December 15, 2011 at 4:27 PM

    Imposter
    -Tim Tebow

  33. Posted by Guy with A.D.D. | December 15, 2011 at 4:29 PM

    There is a "Holy Shit" joke to made her but I just can't put it all together.

    Anyone seen my pils?

  34. Posted by dan | December 15, 2011 at 4:51 PM

    laces out, Marino

  35. Posted by Moron | December 15, 2011 at 5:05 PM

    1/4 + 1/4 + 2/3 = 1?

  36. Posted by Guest | December 15, 2011 at 5:54 PM

    If this is the next modern warfare release, I'm going to be pissed.

  37. Posted by Idiot | December 15, 2011 at 8:02 PM

    ROFJOC

  38. Posted by login | December 15, 2011 at 8:21 PM

    Thats what your pediatrician says

  39. Posted by LaQuant a | December 15, 2011 at 8:22 PM

    Moran, the other 1/2 was Irish ?

  40. Posted by Gloria Steinem | December 15, 2011 at 8:47 PM

    You can say "We're going to rip your face off whenever we can" and then rip the client's face off. If you say "We are going to execute at the best rate of the day" and then you execute at the worst rate of the day, that is a lie, and you are not supposed to lie to a client. BK and STT are going to have to write some very large checks and going forward their business is going to have lower profit margins, but if they are very lucky nobody will get indicted for criminal fraud.

  41. Posted by Gloria Steinem | December 15, 2011 at 8:48 PM

    That wasn't my fault, that was DB's fault.

  42. Posted by Nicholas Sarkozy | December 15, 2011 at 8:49 PM

    We need to plant trees along all the highways. Germans like to march in the shade.

  43. Posted by Herman the German | December 15, 2011 at 8:56 PM

    Funny thing. After WWII, there were no Nazis in Germany and all of the French had been in the Resistance. You just had to ask them.

  44. Posted by Scrooge McDuck | December 15, 2011 at 10:22 PM

    I'd hit your mother.

  45. Posted by Anon Corp Dev Guy | December 15, 2011 at 11:34 PM

    I see what you did there

  46. Posted by guesteronimo | December 16, 2011 at 4:12 AM

    this whole euro crises is so silly, especially 'defending the euro'. the smart thing any country, or continent wants is for their currency to fall to help manufacturing, jobs, revenues, balance of payments, important things like that. you only want it strong so you can take nice vacations, maybe buy foreign stock/houses, things like that, luxuries. its obvious they should let the euro/dollar drop from 1.3 back to .8, where it used to be.

  47. Posted by essays | December 16, 2011 at 4:35 AM

    Good post!

  48. Posted by guesteronimo | December 16, 2011 at 4:44 AM

    fortify? looks like she's given up already. She looks like she's practising russian roulette in that picture

  49. Posted by Nicolas Sarkozy | December 16, 2011 at 6:38 AM

    There is no “I” in teamwork, unless you are French and spell it incorrectly (“timwork”)

  50. Posted by C. Lagarde | December 16, 2011 at 6:44 AM

    DSK slept my way to the top.

  51. Posted by TB Fan | December 16, 2011 at 7:32 AM

    Do I have a mark right here? Not here, or here, but riiiight here?

  52. Posted by ChristineDoesDallas | December 16, 2011 at 8:42 AM

    I don’t want to get serious on this thread which has a hard-on for wild sex with Lagarde -but- the OECD, ObamaBlagojevich, and more I’m sure, just floated ‘the slowdown’ existential threat, in the past week. Then Christine appears with +/- 200degrees. There has got to be an investment available now which will explode like Roubini’s hottub in one/two years. What is it?

  53. Posted by Guest | December 16, 2011 at 9:22 AM

    She looks like Magda from Something About Mary.

  54. Posted by Guest | December 16, 2011 at 9:26 AM

    Liked it.

  55. Posted by TheDoctor | December 16, 2011 at 2:54 PM

    Nicholas Sarkozy is a Tivoli?

    (Doctor Who reference ftw!)

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