IMF calls for 'comprehensive' euro solution

The managing director of the International Monetary Fund has called on European leaders to come up with a more comprehensive solution to combating the eurozone debt crisis, saying its response thus far has been "piecemeal" and not adequate.

Speaking a day after meeting behind closed doors with European Union finance ministers in Brussels, Dominique Strauss-Kahn said he did not believe the euro was at risk. But he said there must be a more "comprehensive, integrated" plan to shore up the region's finances and calm investor fears.

"The eurozone has to provide a comprehensive solution to this problem," Strauss-Kahn said in Athens on Tuesday, where he met with Greek leaders to review their economic restructuring efforts, adopted earlier this year as part of a 110bn EU-IMF bail-out. "The piecemeal approach, one country after another, is not a good one."
Strass-Kahn's comments came at the same time a two-day gathering of EU finance ministers in Brussels ended without signs of consensus on the next steps for a Europe-wide response to the crisis.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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