International Monetary Fund

He also explained that the solution lies in that countries comply with what is agreed, since otherwise it is impossible to ensure that markets can take seriously the statements and promises of politicians. Divergences between the EU and the IMF spokesperson of the EC ruled in line with the President of the EU Executive, Jose Manuel Barroso, who said this Monday from Canberra that the EU economy will grow modestly, but without falling into a recession and sent a message of reassurance about the strength of the euro. We had already anticipated that in the second half of this year there will be a slowdown in growth but not a recession in any case, we are not in a scenario of a second recession, he stressed Altafaj. The general director of the International Monetary Fund (IMF), Christine Lagarde, on the other hand insisted this weekend in an interview with Der Spiegel that there is an imminent risk that the world economy again into recession. The EU Executive disagrees, but at the same time denies there are divisions about the IMF. There is no line of division with the IMF said Altafaj and added that there may be differences at times in the analysis of each other, but the objectives are shared. The spokesman explained that both the IMF and the EU share objectives of improving the competitiveness of the European economy, stabilize the financial system and generate growth policies that allow creating more employment. He believes that the austerity measures will not be enough for countries like Spain source of the news: the European Commission believes that the austerity measures are not enough for countries like Spain.

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