Author Topic: Euro area will bog down in crises?  (Read 17245 times)

Offline miffybear

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Euro area will bog down in crises?
« on: December 13, 2010, 04:54:23 PM »
Dominique Strauss-Kahn, the president of IMF, urged European countries to find a comprehensive solution to debt crisis in Europe. He criticized that the current move is temporary, and moving far too slowly.

Kahn made those remarks while Euro finance ministers to discuss expanding the scale of temporary relief fund. Finance Ministers also discussed how to establish a permanent financing mechanism.

However, due to the different euro governments whose rescue plans for the future are serious differences,
However, due to the huge disagreement among those euro governments' different view on rescue plan for the future, the discussion so far has been hampered so far.

Kahn said his view is very simple that the euro area must find a comprehensive solution on it.

He said it's very clear that some members of the euro area have the problem of excessive debt. But this is not an unsolvable  problem and euro area is not going to have a crisis-ridden future.

Edited by Ivy
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