imf warns eu against excessive budget cuts
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

IMF warns EU against excessive budget cuts

Arab Today, arab today

Arab Today, arab today IMF warns EU against excessive budget cuts

Brussels - AFP

The IMF pressed the eurozone Wednesday to resolve its debt crisis, saying a solution is long "overdue," and warned governments against pursuing drastic budget cuts at the expense of growth. "Finding a durable solution to the euro area sovereign crisis has become more than overdue," the IMF said in its regional economic outlook for Europe released in Brussels. "(This) will require some difficult decisions to improve crisis management and a demonstration of unity behind the project of economic and monetary union that will convince markets," it said. Eurozone leaders agreed in July to expand the monetary union's rescue fund and provide Greece with a second bailout to stem debt crisis contagion. But implementation has been delayed because a handful of parliaments have yet to approve the package. With austerity sweeping across Europe, the IMF said governments with sound finances should avoid drastic cuts and instead ensure growth is protected. "The pursuit of nominal deficit targets should not come at the expense of risking a widespread contraction in economic activity," the IMF said. Countries with access to funding "at historically low" interest rates "should consider delaying some of their fiscal consolidation," it said, referring to nations with good credit ratings such as Germany and France. These nations should "consider allowing automatic stabilisers work fully," the IMF said, referring to measures which help support economies during downturns. The International Monetary Fund also said "monetary tightening in the cyclically more advanced economies will need to be paused or even reversed."  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf warns eu against excessive budget cuts imf warns eu against excessive budget cuts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf warns eu against excessive budget cuts imf warns eu against excessive budget cuts

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday