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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IN THE MEANTIME: The IMF said the eurozone must continue to use €500 billion emergency bailout funds and maintain a supportive monetary policy. It said countries that are not under intense market pressure should ease off austerity measures.
