{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Lagarde on US jobs plan, calls for unified action on eurozone crisis' data-url='/boclips/videos/5c54bb04d8eafeecae121dea' data-video-url='/boclips/videos/5c54bb04d8eafeecae121dea' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nLagarde on US jobs plan, calls for unified action on eurozone crisis\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of International Monetary Fund (IMF) Managing Director Christine Lagarde walking on stage and being greeted by Jane Harmon, head of The Wilson Centre2. Wide of Lagarde at podium with audience3. Cutaway of audience4. SOUNDBITE:...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of International Monetary Fund (IMF) Managing Director Christine Lagarde walking on stage and being greeted by Jane Harmon, head of The Wilson Centre\u003cbr/\u003e2. Wide of Lagarde at podium with audience\u003cbr/\u003e3. Cutaway of audience\u003cbr/\u003e4. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director:\u003cbr/\u003e\"Weak growth and weak balance sheets of government, financial institutions, households, are feeding negatively on each other fuelling a crisis of confidence and holding back demand, holding back investments and job creation. This vicious cycle is gaining momentum and frankly, it has been exacerbated by policy uncertainty and political lack of resolve and collective determination.\"\u003cbr/\u003e5. Cutaway of audience\u003cbr/\u003e6. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director:\u003cbr/\u003e\"I certainly welcome President Obama''s recent proposal to address growth and employment. But, at the same time, it remains critical that this be associated with a parallel track that actually indicates and anchors those medium terms, actions and decisions, that are so needed to stabilise the debt and to redress for the better the debt trajectory.\"\u003cbr/\u003e7.  Cutaway of media and audience\u003cbr/\u003e8.  SOUNDBITE: (English) Christine Lagarde, IMF Managing Director:\u003cbr/\u003e\"Now, turning to Europe, the sovereigns must address firmly their financing problems through credible fiscal consolidation, it goes without saying, and to support growth, with the risks that are lurking in the background, it is also critical in my view that banks be able to strengthen their capital by way of capital buffers, for instance, with a view to avoiding the de-leveraging, that is the other natural tendency, to actually strengthen the institutions.\"\u003cbr/\u003e9. Wide of Lagarde at podium\u003cbr/\u003e10. End of news conference\u003cbr/\u003eThe head of the International Monetary Fund (IMF) called on Thursday for bold and collective action to combat a slowing global economy and a worsening European debt crisis.\u003cbr/\u003eIMF Managing Director Christine Lagarde also said she welcomed President Barack Obama''s US job-creation plan in light of the unemployment crisis in the United States.\u003cbr/\u003eLagarde will preside at her first annual meeting of the 187-nation lending institution next week. \u003cbr/\u003eA former French finance minister, she took over at the IMF in June, succeeding Dominique Strauss-Kahn, who resigned in May to fight attempted rape charges. \u003cbr/\u003eThe charges were later dismissed.\u003cbr/\u003eHer speech was billed as a preview of the issues the IMF will address at meetings in Washington next week.\u003cbr/\u003eLagarde said Obama''s job-creation programme must coincide with a credible plan to shrink the federal budget deficits in coming years.\u003cbr/\u003eFor Europe, Lagarde said nations with huge debt burdens must get control of government spending. \u003cbr/\u003eAnd she said banks need to boost their capital, the resource a financial institution uses to deal with bad loans.\u003cbr/\u003eLagarde''s comments followed critical remarks on Wednesday by World Bank President Robert Zoellick. \u003cbr/\u003eHe faulted the 17 nations that share the euro currency for failing to take tough actions to prevent the debt crisis in Europe.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv 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