IMF reportedly set to offer euro zone more support

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.

Forum Policy

Return to Index

TFC Commodity Trading Forum

IMF reportedly set to offer euro zone more support (by Simon Kennedy)

LONDON (MarketWatch) -- Antonio Borges, Europe director at the International Monetary Fund, said Wednesday that the IMF could cooperate with the euro zone by buying up distressed government bonds, according to media reports. The fund could use its own resources to help restore confidence in the debt markets of Italy and Spain, but there are no immediate proposals on the table, Borges said, according to a Bloomberg report. The Financial Times reported that Borges also called for swift action on recapitalizing European banks, warning that a failure to restore confidence in the sector could lead to another credit crunch at a time when the economy is already slowing.

Forum Policy

Return to Index