Euro still has a long way to go in resolving it's debt crisis

Smart Forex News

MT5 - International Monetary Fund Deputy Managing Director Zhu Min reported that Europe still has a long way to go in resolving its debt crisis. He said that "We are still in the middle" and "there is a long way to go. He urged Europe still have faith in the single currency.

Quoting the official at the World Economic Forum in chinese port city of Tianjin, He said the economy is currently experiencing "soft landing". It's mean that stabilizing chinese growth is of top priority and the IMF supports further policy easing in China.

Zhu said that the European Central Bank decision is very important. We strongly support it. It is very important to ease liquidity tension in the market. You must know that last week ECB unveiled a plan under which it would buy sovereign debt with a term of up to three years, thereby ensuring a government's access to funding, in return for a bailout deal with tight strings attached.

Published: 2012-09-11 07:35:00 UTC+00 17 hours, 8 min. ago