Christine Lagarde said she saw the “beginnings of recovery” in the eurozone, currently in recession, as measures taken by individual countries and efforts to stabilise the single currency union started to pay off. “It’s clearly the case that investors are returning to the eurozone, and resuming confidence in that market,” Lagarde told BBC World Service on Monday.
Lagarde also predicted Greece would enjoy a better 2013 than expected, after “a huge and massive effort” to cut spending and reduce its deficit. “The country is going to turn out better results than what was even planned – but it has to continue doing a massive effort on collection of revenue and collection of tax,” she added.
Let’s hope she’s right..
Full story from the Guardian here
