IMF's Rato says euro is a big success

IMF managing director Rodrigo de Rato told a news conference on Wednesday 8 June that monetary policy in Europe isn't to blame for recent weak economic growth.

Rato told a joint conference by the IMF and the Deutsche Bundesbank that monetary conditions in Europe, including the 12 countries that use the euro, were not stymieing growth.

"Monetary conditions in Europe are not impeding growth," he told a news conference. "We see a weakening in some countries in the second quarter and we believe i