Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

IMF: 'Decisive action' needed for euro debt crisis *PIC*

IMF: 'Decisive action' needed for euro debt crisis (by Barbara Kollmeyer)

MADRID (MarketWatch) -- The International Monetary Fund warned Monday that the sovereign debt crisis in the periphery euro zone threatens to overwhelm a favorable outlook for the broader region. The IMF said policymakers are "facing uncomfortable dilemmas," with uncertainty about how the current crisis will end. "With deeply intertwined fiscal and financial problems, failure to undertake decisive action could rapidly spread the tensions to the core of the euro area and result in large global spillovers," the IMF said. In a statement it said getting all members to "scale up" the European Financial Stability Facility and a further extention of its potential uses, such as to secondary markets and term funding guarantees "would send a much-needed signal that member countries "will do whatever it takes to safeguard the stability of the euro area." It also urged an end to the debate about "debt re-profiling or restructuring," and avoid any impression that under the European Stability Mechanism, financial support will be conditional on debt restucturing.

Messages In This Thread

IMF: 'Decisive action' needed for euro debt crisis *PIC*