IMF chief Lagarde urges pro-growth strategies as ‘fragile’ Europe recovers

The European economy is recovering but remains fragile, plagued by high unemployment and debt levels.

That is according to IMF managing director Christine Lagarde, who said in Brussels that pro-growth policies and a clean-up of the banking system are essential.

“Europe seems to be turning the corner. Progress in tackling big challenges has been made. Signs of growth have begun to emerge after several years of declining activity, and question marks about the viability of the monetary union have dissipated,” she said.