my question is -- about greece madam lagarde. the feeling in our countries that after four and a half years of the program there are at least enough austerity in enough pain. .. >> is obvious for each country, grace is case in point, to decide what it once and hotlines to handle its phantom situation. ase in point.c to decide what it wants and how to handle its kind of situation. there have been improvements. order toward, and in deliver a continuous satisfactory outcome, the country will be in a better position if it had precautionary support. we are talking about evolution .n the relationship we believe that the relationship can still be extremely helpful andthe country to move on ultimately on its own. we are ready to help. we believe it could be effective. >> thank you. a lady in the front. >> good morning. . >> good morning. and with the imf board stands than the undertaking and with the geopolitical list. in and the solicitor considered the driver in the economic region? >> we're very engaged in general using the out -- the

my question is -- about greece madam lagarde. the feeling in our countries that after four and a half years of the program there are at least enough austerity in enough pain. .. >> >> but we also believe going forward in order to deliver the contiguous satisfactory outcome said to be in a better position such talking about the evolution with the belief it to be extremely helpful for the country to move on to believe that it could be affected. >> good morning. and with the imf board stands than the undertaking and with the geopolitical list. in and the solicitor considered the driver in the economic region? >> we're very engaged in general using the out -- the art world in general. because with that transition we're struggling for the moment with this significant military problems to be displaced about 11 million and trying to help the arab countries. the latest program in place that was approved a lot has it been achieved let's face it. so to use public finance with the safety before the pour. but still needs to be done. and for

what will be your first question to madame lagarde?oking at a global economy that perhaps is not growing at the anticipated rate. >> i would look at about five first questions. there is unrest in ukraine. oec did, go to her they marked down their global gdp view and we want to get out in front of the imf next week and see how graham more cautious she is on american economic growth. >> we want to thank their guest host for the hour, rich lesser joining uspherd son to take a through the latest on the economy. give us a four x report >> it's front and center. before the important you beast -- ecb announcement. the euro is one dollar 26. stay with us in new york and washington, conversation with adam parker morgan stanley on the strength of these equity markets. stay with us on "bloomberg surveillance." ♪ u.s. small caps are in correction while stocks around the world decline. what will be the ecb next move? protesters are warning in hong kong that if the chief executive does not step down, their pro-democracy demonstrations will get bigge

my question is -- about greece madam lagarde. the feeling in our countries that after four and a half years of the program there are at least enough austerity in enough pain. ..

we welcome madam lagarde to campus day today at the moment of significance frye as they approach their annual meetings here in washington. we are grateful for her presence and the insights that she will share with our community. ladies and gentlemen it's an honor for me to welcome to the podium, christine lagarde. [applause] >> good morning to all of you and president i would like to thank you very much for introduction i would like to especially thank you for having quoted the speech that i gave in mexico. it is definitely a country that epitomizes some of the points that i will try to make and they caused my remarks this morning as the country that tries to include particularly those that did not have access to finance, those that do not have access to the job market and i mean by that often the poorest and frequently women. madam ambassador, delighted to see you here. mr. dean i am pleased to look forward to you handing the questions from the many of you who are here today and it's very very nice to be here at georgetown university. i'm really honored to be hosted by one of the fine

thank you. >> hello, madam lagarde. thank you very much for coming to speak.am a junior in the school of foreign service study international economics. my question is what sort of relationship, if any, do you think the imf should have with the new development bank? >> may i restrict your question to the contingency reserve arrangement? that's really what is more on the part, right? i think it's because the bank is more an initiative that parallels or will play with the world bank, not the imf. what has been announced is something that's called the contingency reserve arrangement which is an arrangement where the central banks of the bric countries put together from you, sort of aggregated sub lines amongst themselves which they can draw in case of problems. i see it as an area for corporation, i'll tell you. because, and they see it that way. because in excess of certain very low thresholds, the condition for those countries to access those contingency reserves is that there is an agreement with the imf. so what we need is continue to work together with region

we welcome madam lagarde to campus day today at the moment of significance frye as they approach theirnnual meetings here in washington. we are grateful for her presence and the insights that she will share with our community. ladies and gentlemen it's an honor for me to welcome to the podium, christine lagarde. >> good morning to all of you and president i would like to thank you very much for introduction i would like to especially thank you for having quoted the speech that i gave in mexico. it is definitely a country that epitomizes some of the points that i will try to make and they caused my remarks this morning as the country that tries to include particularly those that did not have access to finance, those that do not have access to the job market and i mean by that often the poorest and frequently women. madam ambassador, delighted to see you here. mr. dean i am pleased to look forward to you handing the questions from the many of you who are here today and it's very very nice to be here at georgetown university. i'm really honored to be hosted by one of the finest schools of

up, my conversation with madame lagarde. from new york city, good morning. it is "bloomberg surveillance." ♪ >> good morning. politics's bloomberg respect,"with all due monday, october 6, at 5:00 p.m. on bloomberg television. >> 31 days. >> we are 31 days away from the midterms. about all very excited this program, "with all due respect," beginning monday, october 6. >> yesterday it was the new mediocre, so says christine lagarde, the managing director of the imf. speeche an important yesterday at georgetown university. she spoke to me on the struggle of economic growth. gave, youech that you said, "we will not return to the pre-crisis world." are the g 20 nations finally catching up with lagarde? concerned then and i am still concerned today which is why i talked this morning about the new -- the risk of this new mediocre. >> the new mediocrity that is out there -- how is that different from dr. el-erian or ?r. gross' new neutral >> the new mediocre has three components, if you will. it still has the legacies of the prices. high indebtedness, both sovereign