Tough future waits for Euro - IMF Chief

International Monetary Fund (IMF) chief Christine Lagarde has told an audience in China that the euro has a solid future and that she hopes no more countries in Europe will need bailouts.

“I think the collective political will.... to maintain, defend, protect and enhance the monetary zone and currency zone has been largely underestimated,” Lagarde said on April 7.

“The euro has a future and has a long-standing one.” The former French finance minister spoke during a question-and-answer session that followed an address she gave at the Boao Forum for Asia, an annual conference of political and economic leaders held on the Chinese island of Hainan.



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