The new head of the International Monetary Fund warned European leaders of the possibility of social instability as a result of the eurozone’s economic problems.

Speaking in New York, where she is now based, Christine Lagarde, the former French finance minister, said that the recent economic turbulence which has seen Greece, Portugal and Ireland suffer debt crises – and the spectre hang over Italy and Spain – could “easily resurface” despite the lift in the markets after last week’s €109bn (£96bn) bailout package for Greece.

IMF chief warns of social unrest in Europe – Business News, Business – The Independent

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