Lagarde in Davos: “Worried about Brexit”. Padoan: “Banks solid” – The Republic

Milan – Economic recovery, keeping the European Union and the crisis of migrants. Are the themes that hold court at the final day of the economic forum in Davos, Switzerland, and dominating in the intervention of the Director General of the International Fund mometario, Christine Lagarde. The possibility of a ‘Brexit’, the departure of Britain to the European Union, and the humanitarian crisis of refugees in the Middle East are “the two great concerns” of the IMF at the moment, said the number one IMF. But Italy was the star, with the economy minister, Pier Carlo Padoan, pledged to defend the banking system tricolor: “This week is expected in the Council of Ministers a series of measures on the banking system, which should include a measure of self-reform of the cooperative banks. In addition there are new additional measures on the measures for termination of contracts, which result in a higher value compared to the suffering of the banks, which strengthens the system as a whole, “he said.

Migrants . According to Lagarde, the refugee crisis in the European Union “to play survival” same Schengen agreement on the free movement of people and goods The director of the IMF nevertheless he pointed out that the flow could have a positive impact on GDP in the order of 0.2% in Europe: “We must change the way we look at the economy, there are many factors that we do not measure well,” he said.

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From an economic perspective, Lagarde stressed that “Europe is undoubtedly in a better position than last year,” although in fact recalled that the risk Brexit and the refugee crisis are the two most important concerns.

The Brexit. “I am optimistic that we will have a good agreement between Great Britain and the European Union, perhaps as early as the EU Council in February. And if it does, I’m confident “that will be avoided by the output of Britain, said George Osborne, Chancellor of the Exchequer, in the debate with Lagarde.

The economy. Global growth this year reflects the “downside risks” of China, the decline in raw materials and also of the monetary policies of central banks, Lagarde said, confirming however that the global GDP will rise this year by 3.4% from 3.1% in 2015.

On the sidelines of the World Economic Forum has also held a bilateral agreement between the President of the Eurogroup and the same Jeroem Dijsselbloem Lagarde. Theme of the meeting, among others, the possibility of a second term for Lagarde as head of Washington. After the UK and Germany, it would seem that his confirmation would be welcome also to the Netherlands.

Arguments:

migrants

Schengen

brexit

davos 2016

Starring:

Christine Lagarde