IMF Chief: Delays Could Worsen European Debt Crisis
Dec.16 -2010-- WASHINGTON --By delaying development of a permanent and comprehensive crisis-management structure, Europe could be pushing its sovereign debt and financial crisis to "the edge of the cliff," the head of the International Monetary Fund warned Thursday.
Even amid mounting fears of Europe's sovereign debt and financial crisis spreading to core economies, the head of the International Monetary Fund said he is optimistic about Spain's medium-term economic prospects and the euro would withstand the current crisis.
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