“Drastic austerity measures will only hinder recovery and employment”
The International Monetary Fund managing director, Christine Lagarde, to remind the developed countries who want to downsize in order not to much to cut their respective budgets. Instead of seeking to reduce the deficit, that there is a massive budget cuts it will hamper economic recovery.
Lagarde’s message seems directed at the U.S. and some European countries, struggling to draw up programs to cope with
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