IMF urges Europe to bolster employment and banks

07/25/2013 | Bloomberg

The International Monetary Fund says economic stagnation in the eurozone is possible if authorities don't ramp up efforts to increase employment and aid banks. "Incomplete or stalled policy commitments at the national or euro-area level could also reignite financial market stresses," according to the IMF. "Over the medium-term, there is a high risk of stagnation, especially in the periphery."

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