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Image header Agence Europe
Europe Daily Bulletin No. 10640
ECONOMY - FINANCE - BUSINESS / (ae) eurogroup

IMF urges eurozone to make great leap forward

Brussels, 22/06/2012 (Agence Europe) - Christine Lagarde, the IMF director general, published the IMF's recommendations on Thursday 21 June for a sustainable economic and monetary union in the eurozone and smashing the vicious circle of sovereign debt crisis and bank problems. She called for direct recapitalisation of banks (bypassing central government), which is what Spain is demanding (Germany opposes this). In the face of rising tension and doubts about the health of banks in the...

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