Lagarde's stance may be not so contradictory : let the national gov's budget straight so to save income capacity to contribute to serve joint EU debt issuance. Afterall at least interest costs need to be served and it's hard to find increased regular EU income streams to service already increasing debt on national as well as EU level.
Lagarde's stance may be not so contradictory : let the national gov's budget straight so to save income capacity to contribute to serve joint EU debt issuance. Afterall at least interest costs need to be served and it's hard to find increased regular EU income streams to service already increasing debt on national as well as EU level.