Lagarde: Eurozone growth has slowed, inflation is low. This requires policy coordination
Comments from the IMF leader
- Risks to eurozone include escalation of trade tensions
- Next EU Commission should come up with incentives for countries to pursue structural reform
- There is a risk the eurozone could slip into a period of low growth and low inflation (isn't that what we're in now?)
- Eurozone fiscal rules should be simplified, anchored to debt
We've heard this before. At some point there is going to be genuine reform in the eurozone but I dn't think it's coming soon.