MARGARET BRENNAN: We're back with the Managing Director of the International Monetary Fund Kristalina Georgieva - I got it right this time, I apologize. Oil markets. have been swinging because of this instability in the Middle East escalation risk, the threat to global shipping as well. Can you gauge at this point what the economic impact will be?INTERNATIONAL MONETARY FUND MANAGING DIRECTOR KRISTALINA GEORGIEVA: So far it has been somewhat moderate.
MARGARET BRENNAN: What you're saying there is that this could essentially cause what, a flight of assets out of the banking systems in Europe in particular? MANAGING DIRECTOR GEORGIEVA: We have not seen the reaction to be of that magnitude. Our point is very simple. We have an integrated global economy, even with the winds of fragmentation--MARGARET BRENNAN: Right. MANAGING DIRECTOR GEORGIEVA: --still, countries are connected with each other.
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