European monetary fund News
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Brussels -
The French President Nicolas Sarkozy told the press on Thursday that the European Financial Stability Facility (EFSF) represents the beginning of a European Monetary Fund.
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Berlin -
In order to help present and future fiscal crises for the 16-nation currency bloc, Europe has decided to initiate an IMF-type of monetary union called the European Monetary Fund.
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European monetary fund Headlines
Japan to give the International Monetary Fund $60bn (£38bn) in loans to ease the problems caused by the European debt crisis.
 As the head of the International Monetary Fund warned European leaders not to cut "across the board, former Canadian finance minister John Manley spoke of fears of a downward spiral for the global economy.
 The International Monetary Fund warned Wednesday that European banks are under pressure to preserve capital and could cut back sharply on lending over the next two years, slowing the region's growth.
As the European Union and International Monetary Fund continue to demand austerity measures, Newsnight's Economics editor Paul Mason reports on how struggling Greeks are turning their backs on the state and the political class.
The world's economy is "deeply into the danger zone" because of risks from the eurozone, the International Monetary Fund has said.
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European monetary fund Blogs
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