IMF wants euro 'big 3' to tighten fiscal policy

US - The International Monetary Fund has weighed into the debate over the eurozone's stability and growth pact (SGP), arguing that the big three countries - Germany, France and Italy - should heed its message and make a concerted effort to tighten fiscal policy.

The IMF also cut its forecast for economic growth in the eurozone and said that the European Central Bank should lean towards lowering interest rates - a recommendation rejected by a representative of the eurozone authorities at the IM

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