Why Britain should remain in the European Union —IMF boss

Posted by News Express | 19 June 2016 | 3,975 times

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Christine Lagarde, the Managing Director of International Monetary Fund (IMF) on Friday urged Britain to maintain its membership of the European Union (EU) as it was beneficial for her.

She made the call during a dialogue in Vienna that it was quite beneficial for Britain to vote to stay in EU.

Lagarde said it was imperative for the people to know that there were jobs and income gains from increased trade within the EU.

She added that UK would continue to benefit from the Union, stressing that “there is, in my view, a clear case as to how the UK has benefited and will continue to benefit from its membership in the European Union.”

Lagarde noted that being part of the EU had greatly aided the transformation of the UK into a dynamic and vibrant economy.

“Membership in the EU has made the UK a richer economy, but it has also made it a more diverse, more exciting and more creative country.”

The IMF boss, however, warned that there were risks in leaving the Union.

She said “we have already been on record that the economic risks of leaving are firmly to the downside.

“In all countries, there are people struggling in this new environment, but for the majority of citizens, the EU has been a great success story.” (Xinhua/NAN)

Photo shows IMF MD, Lagarde.

Source: News Express

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