AUTOREFRESH 
EU Commission: Ready to propose European Monetary Fund
By Gerry Davies || March 8, 2010 at 11:29 GMT
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- In discussions with EU states to tackle crises such as Greece
- Premature to say whether EMF proposal would need EU treaty change
- Cannot talk about timeframe for possible EMF
Old english saying with what shirt Buttons!
Hmmm. A mini IMF inside the European Union. I suppose when you have third world economies inside the Euro area/currency, you need to create mechanisms that allows you to deal with the said third world economies. And you just got to wonder what the Chinese, Arab States and Russians think. They are sitting on 1/3 + of their reserves in the Euros.