Lagarde said that the refugee crisis threatens Schengen – El Universal (Venezuela)

  THE UNIVERSAL
 

Sunday January 24, 2016 12:00 AM

Davos, Switzerland .- The Managing Director of International Monetary Fund (IMF), Christine Lagarde, said the refugee crisis in Europe has reached a point that must be resolved or can threaten the continuity of Schengen.

Speaking at the World Economic Forum in Davos, Lagarde insisted that the refugee crisis is a particular risk for the survival of the Schengen area, he said Efe.

However, he also noted that analysis of the governing body indicated that if countries verifications systems in place appropriate integration, this migration and refugee generate in the short to medium term further growth of 1 , 2 percentage points for eurozone countries.

Schengen is an agreement based on the free movement of persons between the signatory European countries.

Lagarde said that in addition to these problems, the other most urgent challenge to be overcome is the European Union lead to a good outcome of negotiations with the United Kingdom to prevent his eventual departure from the Community block. He argued that such an agreement “would provide more stability and cohesion of the eurozone”.

On the concerns generated by recent economic forecasts, the head of the IMF noted that although growth will be “modest and uneven,” with a projected 3.4% rate this year, do not forget that It is 3.1% higher than 2015 and that the progression will continue in 2017 to 3.6%.

“We are improving the overall value of our economies,” he said.