IMF: Germany should have rainy day fund. Germany: No, we shouldn'tStaff Writer | April 23, 2018
International Monetary Fund (IMF) head Christine Lagarde’s suggestion that euro zone leaders should set up a “rainy day fund”.
Europe Pressing issues
“I don’t think the proposal is convincing,” Bundesbank President Jens Weidmann said, adding that setting up such a fund would distract euro zone leaders from pressing issues.
German Finance Minister Olaf Scholz added: “I don’t think the proposal of the IMF chief is one that should be pursued.” ■