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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Europe plans its own answer to the IMF

Posted on 09 March 2010

From Timesonline.co.uk: The European Commission will seek fundamental reform of the management of economic policy in the eurozone, including the co-ordination of fiscal policy, as it draws up details of a future European Monetary Fund.

The proposed EMF, which was given further support yesterday by Angela Merkel, will go beyond the creation of a pot of money that would bail out errant members of the eurozone, such as Greece, a Commission spokesman said……………………………………….Full Article: Source

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