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The International Monetary Fund (IMF) Managing Director Christine Lagarde is out on the wires now, via Reuters, providing key quotes found below.

  • Euro zone needs capital market union to improve financing for companies.
  • Euro zone deposit insurance scheme should be considered sooner rather than later.
  • Euro zone fiscal capacity could be based on a rainy-day fund.
  • We don’t yet know what is Italy’s policy set, IMF to visit Italy soon, hearing some encouraging statements on fiscal discipline.
  • Series of tensions from trade tariffs are key risk to euro zone growth.
  • Second risk to European growth is lack of progress in Brexit talks.
  • Agree  with recent ECB decision to keep interest rates low for a long time.
  • Siscal space should be rebuilt where it is missing in the euro zone.
  • Euro zone policy efforts should pursue trade openness.
  • Resilience of large euro zone banks has improved, risks have been reduced, NPLs have fallen.
  • In some euro zone countries the stock of bank bad loans must be reduced urgently.