A Compass to Prosperity: The Next Steps of Euro Area Economic Integration

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Posted Apr 03, 2018 | German Institute for Economic Research, IMF Managing Director Christine Lagarde

In a recent poll, 74 percent of respondents in the euro area said they support a European economic and monetary union with a single currency - the highest number recorded. In this address to the German Institute for Economic Research, IMF Managing Director Christine Lagarde identifies several areas of reforms that should be considered by European countries, among them: A modernized capital markets union, an improved banking union, and greater fiscal integration, starting with the creation of a central fiscal capacity. She also proposes creating a “rainy-day fund” that countries contribute to each year to build up assets in good times.


http://www.imf.org/en/News/Articles/2018/03/26/sp032618-a-compass-to-prosperity-the-next-steps-of-euro-area-economic-integration


 

 

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