Reviving the economy is possible but the recipe must not be mistaken. To say it is the Monetary Fund. Implement 'policies to remove uncertainty' and restore confidence. This is the first suggestion with which the number one of the International Monetary Fund, Christine Lagarde, today opened the conference dedicated to economic policies for 2013.
All of this means 'restoring financial sustainability' on the part of developed countries. The IMF has expressed concerns in the medium term for 'reducing the debt at a pace that is linked to the specificities of each country'.
As for the Eurozone, according to Lagarde, 'much has been achieved in terms of new instruments used to combat the crisis, but protection programs have not yet demonstrated their effectiveness'. In this regard, the head of the Washington-based institute said that 'we need to do more' on the banking union'. "Continued if not new soft monetary policies might be appropriate to support demand," Lagarde added.
