The currency union was created in an effort to integrate the economies and financial markets of European countries. But the two-year-old financial crisis has created de-integrating forces that have put the euro in jeopardy, IMF fund officials wrote.
San Jose Mercury News
The International Monetary Fund, warning Wednesday of "a sizable risk" that some eurozone countries could suffer a debilitating decline in prices, called on the European Central Bank to pump money into the region's economy by buying huge volumes of...
The International Monetary Fund got down to specifics Wednesday, urging European leaders to move quickly to complete a banking union and calling on the European Central Bank to pull out the stops to combat a crisis that has reached a new and critical...