September 24, 2011
For many of the frazzled crew of finance ministers and central bankers pacing the corridors of the International Monetary Fund's Washington headquarters this weekend, this was only the latest gathering in an exhausting schedule of awkward phone calls, painful negotiations and last-ditch rescue plans.
Last weekend it was Wroclaw, in Poland, the week before that Marseille, in three weeks' time it will be another G20 summit in Paris. Yet as the IMF's new boss, Christine Lagarde, made clear, "time is of the essence".
"We meet at a pivotal moment. A moment of choice," Lagarde told delegates in her opening address. "As we gather inside this hall, the mood outside is grim. All across the world, people worry more and more about their futures – and their children's futures. They are looking to us for solutions."
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