LONDON (MarketWatch)
Antonio Borges, Europe director at the International Monetary Fund, said Wednesday that the IMF could cooperate with the euro zone by buying up distressed government bonds, according to media reports.
The fund could use its own resources to help restore confidence in the debt markets of Italy and Spain, but there are no immediate proposals on the table, Borges said, according to a Bloomberg report.
The Financial Times reported that Borges also called for swift action on recapitalizing European banks, warning that a failure to restore confidence in the sector could lead to another credit crunch at a time when the economy is already slowing.
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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1 comentario:
bien ..... lagarde, inunda de euros el sistema. como dice el Jedai, eres nuestra única esperanza
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