Don’t let fiscal brakes stall global recovery

Commentary feature by Christine Lagarde, the Managing Director of the International Monetary Fund (IMF). She discusses the challenges facing the global economy especially worries associated with sovereign debt in the developed world and wories in the banking sector.

She calls for credible, medium-term fiscal consolidation, combined with aggressive exploration of all possible measures that could be effective in supporting short-term growth. Markets dislike low growth even more than high debt.

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

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