Christine Lagarde and the Need for EU Cooperation

At the World Economic Forum in Davos this week, the International Monetary Fund chief, Christine Lagarde introduced a report which revealed that an influx of refugees into Europe needs not to harm the economy provided there is an adequate EU agreement for the more-even distribution of migrants across the continent.

The report challenged the resistance of EU leaders to forming an agreement stating that there exists an "upside potential" from migration. Namely, if policies are designed to allow migrants to integrate into domestic labour markets rapidly, they may benefit the economy while not harming the prospects of the host nations' citizens.

Read the Financial Times article here.