IMF calls for unconventional measures to tackle eurozone fragmentation
The IMF today made its most explicit call yet for the European Central Bank (ECB) to employ "unconventional measures" to ensure credit makes its way to the struggling economies on the periphery of the eurozone – and reiterated the view put forward by managing director Christine Lagarde last week that the ECB has room for further rate cuts.
The call came as ECB executive board member, Yves Mersch, said the central bank could start to provide liquidity to fund securitised loans to small and medium
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