Lagarde (IMF) : Eurozone Not Sufficiently Prepared to Face the Next Crisis

"Crisis". The word keeps coming up in the mouths of experts. This Thursday, it was the IMF's Managing Director, nothing less, who used it. For Christine Lagarde, the eurozone is not sufficiently prepared to face the next crisis. She urged to strengthen the banking system. "The currency union is more resilient than it was 10 years ago, but it is not resilient enough" to emerge unscathed from "unexpected economic storms", she told a conference organized by the Banque de France (BdF), issuing a warning all the more serious as the global economic outlook is deteriorating. Christine Lagarde recalled that the eurozone had "suffered a violent storm during the global financial crisis" in 2008 "and then another shortly afterwards, during the european sovereign debt crisis". "These events left painful economic scars on many households and companies, sowing the seeds of economic disparity across member countries and wit...

from GoldBroker.com https://www.goldbroker.com/news/lagarde-imf-eurozone-not-sufficiently-prepared-face-next-crisis-1508