Christine Lagarde: How To Cut Unemployment In Europe

01/29/2014 03:59 pm ET | Updated Jan 29, 2014
  • Christine Lagarde IMFdirect
Bloomberg via Getty Images

As we begin the new year, Europe confronts both good and bad news. First the good news. Growth is finally picking up in the euro area as it is slowly emerging from the deep recession. The bad news? Still nearly 20 million people are unemployed. Until the effects on employment have been reversed, we cannot say that the crisis is over.

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