EASE UP ON AUSTERITY: The head of the International Monetary Fund said that some of the stronger eurozone countries could deal with their debts in a less aggressive way to shore up economic growth.
FIREPOWER: Christine Lagarde, also a former French finance minister, added that the European bailout fund should be increased.
CONTEXT: Germany, Europe's biggest economy, has paid for a large chunk of Europe's bailouts. It has put austerity at the heart of the eurozone rescue effort and is reluctant to put more money into rescue funds.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.