IMF's Lagarde: Series of tensions from trade tariffs are key risk to euro zone growth
|The International Monetary Fund (IMF) Managing Director Christine Lagarde is out on the wires now, via Reuters, providing key quotes found below.
- Euro zone needs capital market union to improve financing for companies.
- Euro zone deposit insurance scheme should be considered sooner rather than later.
- Euro zone fiscal capacity could be based on a rainy-day fund.
- We don't yet know what is Italy's policy set, IMF to visit Italy soon, hearing some encouraging statements on fiscal discipline.
- Series of tensions from trade tariffs are key risk to euro zone growth.
- Second risk to European growth is lack of progress in Brexit talks.
- Agree with recent ECB decision to keep interest rates low for a long time.
- Siscal space should be rebuilt where it is missing in the euro zone.
- Euro zone policy efforts should pursue trade openness.
- Resilience of large euro zone banks has improved, risks have been reduced, NPLs have fallen.
- In some euro zone countries the stock of bank bad loans must be reduced urgently.
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