Euro Zone Has Correct Fiscal Stance To Cut Debt, Help Growth: IMF

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Euro Zone Has Correct Fiscal Stance To Cut Debt, Help Growth: IMF

by Wochit 0:36 mins

Euro Zone Has Correct Fiscal Stance To Cut Debt, Help Growth: IMF

by Wochit 0:36 mins

The International Monetary Fund said in a statement on Thursday, the euro zone's fiscal stance strikes the right balance between reducing debt and bolstering demand. The IMF noted said the recovery was neither robust nor sufficiently strong and said continued support for demand in the 9.6 trillion-euro economy was vital. The IMF praised the steps the European Central Bank took in early June to help accelerate dangerously slow inflation, but noted more might be needed if those steps fail.

Wochit

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