News Summary: IMF urges euro nation integration

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GET TOGETHER: The International Monetary Fund says the 17 countries that use the euro have to integrate their economies further if they are to emerge intact from their financial crisis.

THE SPECIFICS: The Washington, D.C.-based institution urged Europe’s leaders to “demonstrate shared and unequivocal commitment” to a deeper integration of the euro area. One suggestion was a cross-border deposit insurance program that could shore up the banking systems of the more indebted European countries.

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