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Paris.- The director of the International Monetary Fund (IMF), Christine Lagarde justifies today that the eurozone be endowed with "a centralized budgetary capacity", which can be Accompany "disciplines" to avoid the anxieties that it raises in countries like Germany.
Lagarde, who participated in Economic Meetings of Aix-en-Provence insisted that this fiscal capacity could be put in that it would become "a systematic policy of transfer of funds from the countries rich to the poorest ".
This would be possible thanks to rules for the reimbursement of the aids granted.
The goal of a common budget, he explained, is to generate "the expression of political sovereignty in the eurozone" to deal with impacts such as that produced by the last crisis and not leave the European Central Bank (ECB) alone in management. 19659005] The former French finance minister also defended the consolidation of the banking union with solidarity mechanisms among financial institutions that avoid the transfer to states of problems that they may have.
He stressed "the need for a European capital market" "This does not stick to the limits of each country, so that companies can finance themselves."
Ms Lagarde, who spoke at a round table on Europe, recalled that the EU offered benefits to citizens and businesses. due to the effect of market unity and free movement.
He pointed out that the European Union "is the largest economic zone in the world", where the largest flow of foreign direct investment (35% of the total) the largest in terms of 39, arrival (30%).
From his international experience, he has endeavored to emphasize that "the Europeans together constitute a force" and that, when To discuss and negotiate with China, before India or before United States, "the voice of the Europeans weighs", whereas when each country goes as it pleases "they lose their force". EFE
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