Net Right | Sometimes, government officials tell the truth, and when they do, watch out. It might be a good idea to hold on to your wallet. A recent example is International Monetary Fund Managing Director Christine Lagarde commenting on the European debt crisis in Berlin on Jan. 23.  Even though the European Financial Stability Facility (EFSF) has already committed €440 billion, the European Central Bank (ECB) €220 billion, and the IMF €78.5 billion to propping up troubled sovereigns Portugal, Italy, Ireland, Greece, and Spain (PIIGS) — some €738.5 billion, or almost $1 trillion in total — Lagarde said, “these moves form pieces, but pieces only, of a comprehensive solution.”