More from the IMF which includes the need for a clear timetable of action to restore faith and credibility among the Eurozone states ,and for the ECB to do more by lowering borrowing rates and deploying further “unconventional measures” to relieve market tensions.
The fund’s also calling for European banking union and a European-wide deposit guarantee scheme, which flies in the face of German policymakers who are vehemently against pooling banks and sovereign debt.
More… UK Telegraph
