“Growth remains too low and unemployment too high to declare victory over the crisis”. This was stated by the director general of the IMF Christine Lagarde, in a speech in Bilbao, in which she however specified that, despite the difficulties, "the Eurozone and Spain are turning the corner".
“The eurozone – continued Lagarde – is finally emerging from a deep recession. The boost from domestic and external demand is growing and financial conditions are easier. However – concluded the director of the IMF – in many countries unemployment is at levels that cannot be accepted, especially among young people”.
