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