IMF’s Lagarde proposes ‘rainy day fund’ for euro zone

IMF’s Lagarde proposes ‘rainy day fund’ for euro zone

International Monetary Fund (IMF) head Christine Lagarde said on Monday euro zone leaders should set up a “rainy day fund” to help cushion member states in economic downturns. Officials in the bloc have been discussing such a fund since last year as one option for setting up a euro zone budget or…

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