The Eurozone has finally moved into positive growth after five years of fall-out from the global economic crisis, but massive unemployment levels means the situation is still critical, according to IMF Managing Director Christine Lagarde. Until the worrying loss of jobs is reversed, there can be no question of declaring "business as usual" in Europe.

Christine Lagarde was launching the new IMF book - "Jobs and Growth: Supporting the European Recovery" - intended as a contribution to the continuing economic debate. It describes European growth as "anaemic", despite years of "extended crisis management", and offers recommendations for the next stages of recovery after a "long and dismal" period of crisis. The book, a year in the making, was a departure from the IMF's usual mandate, she said, but added: "We see a clear link between stability, the macro-economic environment and job creation and development."