By Daniel Flynn and Leigh Thomas – The euro zone‘s crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the “fairy world” that allowed problems to grow, European Central Bank President Mario Draghi said on Friday (Nov 30).
Draghi’s call for reform was echoed by International Monetary Fund chief Christine Lagarde, who said implementing a banking union with powers to supervise all banks in the euro zone should be the currency bloc’s top priority. more> http://tinyurl.com/czsvphq
- ECB, IMF press euro zone to reform as crisis far from over (news.yahoo.com)
- ECB/IMF warn on eurozone crisis as EU jobless total hits record high (independent.ie)
- Unemployment in Euro Zone Reached New High in October (nytimes.com)
- ECB, IMF press euro zone to reform as crisis drags – Globe and Mail (theglobeandmail.com)