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IMF's Lagarde calls for more clarity
over Eurozone integration
You really need to
indicate how in the medium term the United States or Japan are going to are
going to deal with a deficit, and in particular they, burden of debt and in the
Eurozone area leaders need to indicate exactly how, which pace and with what
steps they are going to move towards banking and fiscal union.
Because when you buy a 10 years bond you want
to know what it is going to be like in 10 years time, when you invest in a
house, when you buy a car, when you have a child you want to know what it is
going to be like in 10 years time.
The degree of
uncertainty that there is about that horizon is actually a break on the way in
which people decide.
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