Wednesday, March 21, 2012
New Delhi - AFP - considered the Director-General of the International Monetary Fund, Christine Lagarde, that «the global economy away from the« abyss », but« there are still weaknesses affect the financial system ». She explained in a press conference in New Delhi, that the financial position «is no longer worrying as it was the beginning of the year». The «move away from the abyss into which we were close to them three months ago», stressing that «the measures taken by the European Central Bank and European Union countries to help stabilize the global economy».
But acknowledged constantly «and weaknesses must be addressed rigorously» such as improving the health of financial institutions. And felt that the recent «contributed greatly to the crisis, indicating the need to focus on reforms, and financial institutions that form the growth factor and not a threat factor».
The Lagarde spoke about the global economy in Beijing at a forum for development and called on China to «the development of infrastructure such as ports, airports, and to reduce the budget deficit».
The Finance Minister Pranab Mukherjee, during his budget 2012 - 2013 of the Indian Union, determine «the goal of establishing the budget», a message addressed to the financial markets. It is noteworthy that the Indian government wants to reach annual deficit equivalent to 5.1 percent of GDP versus 5.9 percent for the fiscal year 2011 to 2012.
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