IMF's Lagarde Urges Euro Powers to Build Unified Capital Market
- Says Brexit heightens urgency for Germany, France to step up
- Fund’s managing director comments in Bloomberg interview
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International Monetary Fund head Christine Lagarde called on Germany and France to spur further euro-area integration, saying Brexit makes a capital-markets union on the continent more urgent.
“If these two countries can set their minds to reforming the euro area, if they carry with them some of the other players, including the Netherlands, including Italy whenever that government is formed, then there would be real hope to move forward,” Lagarde said in a Bloomberg Television interview on Monday.