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MW:Oil could spark next crisis: IMF's Lagarde
 
By Nick Godt
NEW DELHI (MarketWatch) -- High oil prices, caused either by supply concerns or geopolitical tensions, could be the next threat to global growth, International Monetary Fund chief Christine Lagarde said on Tuesday. Speaking here at an IMF conference, Lagarde speculated on the next crisis to hit the global economy: the collapse of the euro, oil prices, or an attack on Iran? "Clearly, there is an attention shift away from Europe," where the situation is "less acute," Lagarde said. Now the focus is on the price of oil and concerns that are "either supply-driven or come from geopolitical tensions," she said. "A crisis can come from many angles."
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