IMF’s Lagarde: French debate about the euro is weighing on confidence
The International Monetary Fund Managing Director Christine Lagarde was out on the wires earlier on the day, commenting on trade, the European Union, 'Frexit,' the conflict in Syria and US economic growth, Livesquawk reports.
Key Points:
Eurozone better equipped to deal with crises than in 2008
French debate about the euro is weighing on confidence
On Syria:
“First of all we cannot help Syria at the moment precisely because we would be throwing good money after bad. It’s a country that is in a state of war. Where any effort to construct would be doomed to fail.”
“It has suffered a 60 percent decline in its growth, it has a 50 percent inflation rate and 20 percent of the population has disappeared. Reconstruction will be needed in order to avoid that the conflict resumes after peace hopefully one day has returned to that part of the world.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
