Eurozone crisis at 'critical' stage, says IMF

IMF headquarters in Washington DC

The International Monetary Fund (IMF) today (July 18) released its annual review of Euro Area Policies in which tough language was used to urge deeper co-operation among member states.

The Article IV consultation documents made repeated references to the need for the completion of the monetary union. In a conference call with reporters to discuss the review, Mahmood Pradhan, deputy director of the IMF's European department and mission chief for the euro area, stressed this focus of the latest

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