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Christine Lagarde: Growth in Europe is threatened by a "persistently low inflation"

April 7 category:Economy
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Christine Lagarde: Growth in Europe is threatened by a "persistently low inflation"



Executive Director of the International Monetary Fund Christine Lagarde in Washington, July 2, 2014.

afp.com/Jim Watson



The IMF Managing Director Christine Lagarde warned on Friday that growth in Europe could be "seriously" affected if inflation are still very low and the current direction of the market was "perhaps too positive".

"A persistently low inflation can seriously harm growth" and "increase the burden of the debt," she said in a speech before the Robert Schuman Foundation in Paris, calling on the ECB to keep monetary policy "accommodative ".

The boss of the IMF, however, presented as "good news" that "the European economy is beginning to recover from the crisis." "We see a number of indicators. It is also seen in a very positive direction of the markets, perhaps too positive with respect to the fundamental," she added.

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