IMF MD quoted in Les Echos published this morning
- EURUSD level is in line with balance of payments
- expects world economy to grow by 3-3.5% this year
- rapive revaluation of equities and some bonds is adding to risks
- Germany probably has scope for budgetary maneouvre which it could use to support Eurozone recovery
- France must move from words to deeds on reforms
Headlines appearing on Bbg a short while ago. EURUSD currently 1.2940 but I don’t think anyone’s paying too much attention to the IMF right now.
