Vladimír Urbánek (Kurzy.cz)
Markets  |  October 10, 2012 15:37:22

Lagarde (IMF) indicates that Špnanělsko not necessarily need financial aid

IMF chief Christine Lagarde told Bloomberg TV has suggested that the IMF would not necessarily lend funds problematic Spain to help the country deal with the fiscal crisis. According to Lagarde, it may better monitor the situation properly, inspect and, if necessary, intervene in the usual possibilities and practices of the Fund. The exact role of the Fund in such cases has not yet been fully defined. ECB officials said this week that the IMF should be involved in overseeing the economic programs of problematic countries.

Lagarde said that Europe now needs is to develop measures and actions to improve discipline fickální country and across the EU, it must generate sufficient emergency funds and should take measures for the development of the banking union.

Lagarde underlined the fact that after three years from the start of EMU crisis has finally ESM bailout mechanism, which is now ready for action.

Lagarde also said that it is wrong to look at the existing aid to Greece as ineffective and useless. Problem with countries in its opinion, approached very close to the necessary austerity measures to redress the fiscal deficit. The country needs to promote competitiveness further reduction in salaries.
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Lagarde (MMF) signalizuje, že Špnanělsko nebude nutně potřebovat finanční pomoc

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