IMF: eurozone in critical danger, ECB should launch QE

July 19th, 2012

FAKE NEWS for the Zionist agenda

Previous Post: Roubini sticks to 2013 “perfect storm” prediction nbsp

IMF: eurozone in critical danger, ECB should launch QE

The Telegraph – The eurozone is in “critical” danger and the European Central Bank should play a bigger role in fighting the debt crisis through more rate cuts, QE and further liquidity provision, the International Monetary Fund has said. “The euro area crisis has reached a new and critical stage. Despite major policy actions, financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself,” the IMF said. The fund added that the independent ECB, which is legally forbidden to finance governments, could be given full lender-of-last-resort functions, to help break the vicious circle of highly indebted governments borrowing from banks, which in turn become vulnerable due to the risk associated with the bonds. Read article

Tags: banks, debt wealth, Europe, financial system, North America