IMF’s Lagarde: European economy is fragile

Author: Pete Jackson | Category: News

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