The recovery of the world economy continues but remains "too slow, too fragile, with the risks to its stability increasing". He says it Christine Lagarde, the managing director of the International Monetary Fund, in the text of his speech prepared for today's speech at the Goethe University in Frankfurt. In the Eurozone, he warns Lagarde, "low investment, high unemployment and weak budgets weigh on growth". For the French economist, the nations of the Eurozone "can implement better policies for training and for facilitating contacts between those offering employment and those looking for it in order to help more people find a job, especially young people".
Christine Lagarde also praised Mario Draghi and the European Central Bank. The director general of the International Monetary Fund "praises" the governor of the Eurotower "for the steps taken to improve confidence and financial conditions in the euro area, steps that will further support the recovery". The reference is to the additional stimuli announced on 10 March by the ECB, including an expansion of the bond purchase plan and a further negative cut in the rates imposed on the deposits of credit institutions with its coffers: "Consider the recent introduction of negative by the ECB and the Bank of Japan (made at the end of January for the first time in the history of the Japanese institution, ed) as positive in the current circumstances even if it is not without side effects that deserve attention". Lagarde defines the decision taken by the Federal Reserve last December as "appropriate", when it raised interest rates for the first time since June 2006 to 0,25-0,50% from 0-0,25%, as well as the commitment of the US central bank to act on the basis of the trend of macroeconomic data.
The director general of the International Monetary Fund also praised the German chancellor Angela Merkel and the German people "for their leadership" in a challenge - that of the refugee crisis - "difficult but enormously important". In the text of her speech prepared for today's speech at the Goethe University in Frankfurt (Germany), the woman head of the Washington institute says she "saw with my own eyes the respect that Germany has earned in the world for his profoundly human approach to the issue of refugees", who since last year have been welcomed "in large numbers" in countries such as Jordan, Lebanon, Turkey and some European countries (Lagarde does not mention Italy or Greece).
