IMF urges ‘more forceful action’ to end Europe’s woes

Euro sign, Frankfurt

Europe's financial markets remain in a precarious position, with "intensified efforts needed across a wide front", according to a Financial System Stability Assessment, published today by the IMF.

In its first-ever assessment of the overall soundness of the financial sector in Europe, the IMF said much had been done to improve stability since the start of the sovereign debt crisis, but "gaps and challenges" remain.

"In the near term, more forceful action is warranted to cement recent gains in

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