Arab Today, arab today europe must act on rare moment of cheap oil easy money
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

IMF Chief Christine Lagarde:

Europe must act on rare moment of cheap oil, easy money

Arab Today, arab today

Arab Today, arab today Europe must act on rare moment of cheap oil, easy money

IMF Chief Christine Lagarde
Washington - Arab Today

European countries needing to implement reforms to jolt their tepid economies must capitalize on a "rare" opportunity of cheap oil and low interest rates, International Monetary Fund chief Christine Lagarde said Thursday.
The drop in oil prices has increased buying power in Europe's oil-importing countries, cheap money is helping governments refinance debt, and the European Central Bank last month launched an injection of 1.1 trillion euros into bond markets in a so-called quantitative easing policy to spur private investment, German Press Agency dpa reported.
"I think that the eurozone has the benefit of three shots in the arm, actually," Lagarde said after a speech at the Atlantic Council in Washington.
"With these three factors, if European countries don't do economic reforms now, it's to despair." Current conditions present "a window of opportunities when countries that have not yet conducted the reforms, that have started conducting the reforms, have to actually get on with it, because they have the benefit of low oil prices, very low cost of financing ... and the quantitative easing that is intended to really support and kickstart the economy." In the address, which precedes the IMF's spring meetings next week in Washington, Lagarde urged efficient infrastructure investments to raise productivity, along with reforms in labour, product and services markets.
The eurozone "has strengthened" in the last three years, she noted.
Source: dpa

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today europe must act on rare moment of cheap oil easy money Arab Today, arab today europe must act on rare moment of cheap oil easy money

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today europe must act on rare moment of cheap oil easy money Arab Today, arab today europe must act on rare moment of cheap oil easy money

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday