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Image header Agence Europe
Europe Daily Bulletin No. 10090
Contents Publication in full By article 10 / 29
GENERAL NEWS / (eu) eu/economy

European Socialists suggest EU creates a European Monetary Fund to help struggling eurozone countries

Brussels, 03/03/2010 (Agence Europe) - The chair of the European Socialist Party and former Danish prime minister, Poul Nyrup Rasmussen, mooted the idea on Tuesday 2 March of setting up a European Monetary Fund (a “European Mechanism for Financial Stability”) under control of the European Investment Bank (EIB) to provide aid to countries in the euro to fight off speculation about their public debt. He said it was embarrassing that the IMF is the only option open to a eurozone country in...

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