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Lagarde says French election raises political uncertainty

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Staff Writer | April 18, 2017
France's presidential election is adding to the existing political uncertainty worldwide as it raises several questions on the future of the euro area, the International Monetary Fund (IMF) Managing Director Christine Lagarde said.
Christine Lagarde
France   There is an uncertainty and growing concern
There is an uncertainty and growing concern about the outcome of the French election, Lagarde said in an interview to a group of European reporters.

The IMF Chief said she faced anxious questions over the French election in every country she visited in recent months. The election debate also weighs on the confidence and stability of the euro area, Lagarde added.

The outcome of the French election is important because of the size of the economy, second only to Germany in the euro area, and also because of the anti-euro comments made by some contestants in the election, she said.

Lagarde also said that Greece's debt needs to be sustainable for the IMF to join the country's bailout programme. There was no doubt that Greece needs debt restructuring, she reiterated.


 

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