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EUROZONE EYES IMF-STYLE FUND
By Quentin Peel in Berlin and Scheherazade Daneshkhu in ParisPublished: March 7 2010 20:39 | Last updated: March 8 2010 10:37
Germany and France are planning to launch a sweeping new initiative to reinforce economic co-operation and surveillance within the eurozone, including the establishment of a European Monetary Fund, according to senior government officials.
Their intention is to set up the rules and tools to prevent any recurrence of instability in theeurozone stemming from the indebtedness of a single member state, such as Greece.
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