"Now we say it is an urgent matter and that action must be taken now, as conditions have changed." The Director of the Fiscal Affairs Department at the IMF, Rodrigo Valdes, emphasized that rising yields on sovereign bonds amplify fiscal pressures at a time when the average public debt is about to reach 100% of Gross Domestic Product, the highest level recorded since World War II, leaving countries with little room for delays. #FMI #datoriepública #austeritate (translated)








