Trade war : to Lagarde (IMF), the EU has a “card to play”

The director-general of the international monetary Fund (IMF), Christine Lagarde, on June 14, 2008 in Washington, d.c. (Photo by ANDREW CABALLERO-REYNOLDS. AFP)

The european Union has a “card to play” in the trade war between the United States to China, on condition that it be “united”, said Saturday the general director of the international monetary Fund (IMF), Christine Lagarde.

“In the report of force that can be discerned (…) between the United States and China on the other, that represent two completely different forms of the same impulse capitalistic, Europe can play a card all the more special,” she said at the economic Meetings of Aix-en-Provence (south of France).

“This balance of power is created with the middle, someone, Europe, without which one or the other of the two powers does not have sufficient leverage on the other,” she observed.

“Europe is a strategic market for the one as for the other”, especially in the area of trade, she continued, welcoming the initiative undertaken by the EU, which will participate in a summit in Beijing on 16 and 17 July.

“Europeans as a whole, constitute a force, a power. Because when they are united, they have a true voice”, also considered that the director-general, holding that the EU had to be “an actor of his destiny at the same time a source of inspiration for many other countries of the world.”

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