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Euro Area At The Crossroads No Time For Complacency

IMF, (2016), “Euro Area At The Crossroads No Time For Complacency”, 8 Ιουλίου

Recovery in the euro area has strengthened, but the medium-term outlook remains weak and is endangered by a lack of collective action to address common challenges. Members must rebuild faith in the monetary union, says the IMF in its latest review of the currency union. “The euro area is at a critical juncture. The progress made during the acute phase of the crisis and the recovery should not lead to complacency about the underlying challenges. Policymakers should seize this moment to reverse the rising tide of Euroscepticism and strengthen the monetary union by acting together. Muddling through is increasingly untenable,” said Mahmood Pradhan, mission chief for the euro area.

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