IMF chief welcomes progress made at EU summit

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 chief welcomes progress made at EU summit (by Polya Lesova)

LONDON (MarketWatch) -- The managing director of the International Monetary Fund said on Friday that the decisions taken at the European Union summit in Brussels "are an important contribution to helping address the crisis facing the euro zone and strengthening the global economic recovery." In a statement, Christine Lagarde also said that she particularly welcomes progress on boosting fiscal discipline, accelerating the entry into force of the European Stability Mechanism and the commitment by EU members to provide more resources to the IMF by up to 200 billion euros. "These resources will enhance the IMF's capacity to fulfill its systemic responsibilities in support of its global membership -- which is especially important given the ongoing economic slowdown and financial market tensions," Lagarde said.

Forum Policy

Return to Index