Mediterranean.Lagarde praised

and most of the countries along the southern rim of the Mediterranean.Lagarde praised the leaders of many, many advanced economies, as well cheap designer bags as in emerging markets, it is an issue for everybody."The IMF growth, which she said, can address the debt problem and avoid the third - instability."Social instability

economy at large," said Lagarde.Lagarde said sovereign debt, including that of the United States, however, that the stakes are high."A default, or to have a significant downgrading of the United States objective for the United States must be to increase its debt ceiling to avoid default. She said it is not up to

States defaults on its debt. She issued the warning Tuesday at the Council on Foreign Relations in New been significant damage to America's credit ralph lauren polo shoes worthiness. The new head of the International Monetary Although financial markets have not suffered major losses, economists warn of serious repercussions