IMF chief says UK might need to rethink austerity now
WASHINGTON (Reuters) - The head of the International Monetary Fund said on Friday it might now be time for Britain to consider relaxing its focus on austerity.
Christine Lagarde was asked in an interview with BBC television whether the British government should show more flexibility in its approach to fixing the country's economy.
"We are saying with this medium-term, strong anchoring of fiscal consolidation, the pace has to be adjusted depending on the circumstances and given the weak growth that we have observed lately ... now might be the time to consider," she said.
(Writing by William Schomberg)
- Tweet this
- Share this
- Digg this
- Sweden says credible reports of foreign submarine in its waters
- EU's Barroso to Britain - Don't alienate your friends in Europe
- Lufthansa cancels flights due to pilots strike; train stoppage strands millions |
- Tesco accounting probe finds 'inappropriate behaviour' by staff - reports
- Comet makes rare close pass by Mars as spacecraft watch