Lagarde’s edge is Europe’s opportunity

Mohamed El-Erian | Allianz | 30 September 2019

A highly regarded doctor assumes the care of a chronically impaired patient who is growing weaker and more vulnerable. The patient's longstanding treatment is not only becoming less effective, now it is also introducing harmful side effects. A better approach exists, but it is not available at the new doctor’s hospital. And, in the facilities where it is available, the doctors are too distracted to take on the case.

The new doctor is Christi...