TLNet
 

IMF Director Christine Lagarde
No growth without a deal on the Fiscal Cliff

Listen to the clip. Complete the missing words and then check your answers.
But, the way out of this would be a solution because you will always find a school of thoughts that will say “it’s much better to spendings”. You will find another school of thoughts that will say: “no, no it’s much better to the and therefore to taxes”. And in the middle of it you will have people that will say “in any event we have to reduce , therefore cut now and in the long run”.
We have seen of all sorts and they will not demonstrate the absolute . My view personally, is that the best way to go forward is to have a balanced that takes into account both increasing the revenue, which means, you know, either raising tax or creating new sources of revenue, and spendings as well.