WASHINGTON (AP) - Senior officials from global finance and resolutely committed to working in a coordinated way to deal with a crisis of European debt and other dangers facing the world economy.
IMF Committee said that the policy setting economy has entered a dangerous new phase. Panel said the situation closely and will take bold steps quickly is crucial.
Officials say they are encouraged by the willingness of the 17 nations that share the euro to do what is necessary to resolve the debt crisis of Europe.
IMF Committee said that the policy setting economy has entered a dangerous new phase. Panel said the situation closely and will take bold steps quickly is crucial.
Officials say they are encouraged by the willingness of the 17 nations that share the euro to do what is necessary to resolve the debt crisis of Europe.
They say that the IMF stands ready to vigorously support the extra effort. The IMF already provides support to rescue three most indebted European countries - Greece, Portugal and Ireland.
The IMF statement does not specify the extent of additional assistance may be possible.
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