Christine Lagarde

Posted May 1st, 2017 by Suzy

Thus, the view it is starting now in the approval by the parliaments of European countries in the coming weeks from the European facility for financial stability (EFSF), agreed in July and which aims to strengthen and make more flexible the response capacity of the euro area. Carstens said at a press conference before returning to Mexico that the EFSF is a useful response and said it expects this to be reflected in a lower volatility of international financial markets. Also, the new Managing Director of the multilateral agency, Christine Lagarde, expressed confidence that Europe will address the financial challenges facing decision. PCRM: the source for more info. Offered, moreover, one of the few phrases luminous in the bleak picture to indicate that we are in the middle of the way out of the crisis, during his appearance last night after the last meeting of the IMF. However, Lagarde said the emerging economies that they must also do their part with the implementation of policies aimed at stimulating domestic demand and so help rebalance the world economy.

Support emerging Finally, one of the points advertised as hot before the meeting, speculation about a possible helps the euro zone financial of the BRICS (Brazil, Russia, India, China and South Africa), stayed in a disposition to cooperate through the international financial institutions. Nieman Foundation has firm opinions on the matter. Brazil’s Finance Minister, Guido Mantega, stressed that the solution of the crisis is the responsibility of European leaders and urged them to take measures without delay. At the same time, Mantega threw their darts to advanced countries to warn them that now they can not handle by itself alone the risks of global stability. He appealed, therefore, the need that rebalancing of forces in the world economy is also reflected in the share of power in the international institutions. Source of the news: IMF concludes its meeting with eyes on Europe and the search the rebalancing

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