0 The main discussion of the European crisis the World Bank and IMF

The main discussion of the European crisis the World Bank and IMF

The issue of the economic crisis that hit the European continent dominate discussion of financial officials in the IMF and World Bank meetings.

The meeting, which began Saturday when the U.S. was held at the headquarters of the international creditor institutions, the city of Washington. In the meeting also involves the G-20 as the world's major economic powers such as the U.S., Germany and developing countries like China and Brazil.

To overcome the crisis in the European Union (EU), the IMF is also ready to allocate funds in the hope of a prolonged crisis can be resolved soon. However, global finance officials intend to be individual countries in the EU consistently implement budget reforms and bureaucratic. With these measures the economic crisis and the danger can be reduced.

In the EU meeting to discuss the crisis, Lagarde institutions led Crhistine secured a total of U.S. $ 430 billion from European countries. "It's nice having a large enough reserve fund," Lagarde said.

But finance officials hastily European hedge funds use. Fresh Funds must convince financial passar very disturbed at this time. Moreover, the market receives a signal that Spain will be the next country to receive a bailout to avoid the possibility of default.

188 IMF-member countries, has been working with governments in the EU to make a rescue program for Greece, Portugal and Ireland. Spain's economy would be large enough menyedok more money. This assumption occurs when sandainya Spain is government can not sell bonds to private investors.