IMF’s Lagarde: European economy is fragile
Think we all know that Christine..
- Hopes ECB bond purchases can be activated in the near term
- Financial markets still fragmented
- Strong recession in the Eurozone periphery is hurting the core
- ESM and OMT should help prevent contagion
- Banking union is a priority in IMF’s opinion, followed by greater budgetary coordination
- Favours ECB taking banking supervisory role