IMF boss urges ‘rainy day fund’ for eurozone – ValueWalk Premium

IMF boss urges ‘rainy day fund’ for eurozone

International Monetary Fund chief Christine Lagarde said Monday that eurozone countries should set up a “rainy day fund” that could cushion members when they hit economic hard times. “For a relatively modest cost… a central fiscal capacity could reduce the negative effects on output by more than 50 percent” during a crisis, Lagarde said in a…



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