Thursday 7 July 2016

Director of the International Monetary Fund excludes a global economic contraction due to Britain



WASHINGTON (Ina) - Director General of the International Monetary Fund Christine Lagarde ruled out a global economic contraction as a result of Britain 's decision to exit from the European Union, even though what caused him trouble in the global economy .
However , she said in an interview with Agence France - Presse that the decision to Britain out of theEuropean Union (Brixt) underlines the need for the Union to better explain the benefits to Europeans from the membership of their country in the European Union, the center of "disappointment" about it .
she said the move by Britain to cut corporate taxes to cope with the expected Brixt economic repercussions, that may offend everyone .
after two weeks of voting the British out of the European Union, Lagarde said in a talk that took place in her office in Washington at the beginning of its second term of five years , Director of the international Monetary Fund, said the Brixt constitutes a "significant negative threat" to the world economy .
"We do not expect a global recession. direct effects will be on Britain "with some of the effects on theeuro area .
but it indicated that the longer the lack of clarity in the mechanism of Britain 's withdrawal from theEuropean Union, exacerbated the consequences .
she said that" the bottom line in the case of Brixt this is a mystery, whenever this uncertainty continues, the greater the risk. " 
she stressed that" the sooner the (British) in determining their schedule the time and conditions of their exit from the European Union, the better for everyone , "citing the need to do so" as soon as possible " . 
she said Lagarde, who faced five years difficult financial and economic turmoil in Europe, it 's still optimistic despite Britain 's decision .
"the approaches optimist in life tells me that Brixt can be a catalyst of the European Union to deepen economic integration."

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