{"id":10168,"date":"2012-04-22T04:23:24","date_gmt":"2012-04-22T02:23:24","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-imf-members-tell-europe-to-do-more-to-fight-crisis\/"},"modified":"2012-04-22T04:23:24","modified_gmt":"2012-04-22T02:23:24","slug":"update-1-imf-members-tell-europe-to-do-more-to-fight-crisis","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-imf-members-tell-europe-to-do-more-to-fight-crisis\/","title":{"rendered":"UPDATE 1-IMF members tell Europe to do more to fight crisis"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">WASHINGTON, April 21<\/span> (Reuters) &#8211; Europe came under pressure<br \/>\non Saturday from other world powers to do more to fix its<br \/>\ndebt-heavy economy, which still threatens to undermine a fragile<br \/>\nglobal recovery.<\/p>\n<p><span><\/span><\/p>\n<p>A day after top economies agreed more money for the<br \/>\nInternational Monetary Fund to help contain Europe&#8217;s debt<br \/>\ncrisis, the fund&#8217;s governing panel said the euro zone now needed<br \/>\nto get its debt under control, ensure the stability of its<br \/>\nbanking system and carry out &#8220;bold structural reforms.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The panel in its statement also said advanced economies<br \/>\ngenerally needed to tighten their budgets, though not<br \/>\nexcessively.<\/p>\n<p><span><\/span><\/p>\n<p>The head of the panel, Singapore Finance Minister Tharman<br \/>\nShanmugaratnam, said it was critical to get back to &#8220;normal&#8221;<br \/>\neconomic growth in two to three years in as much of the advanced<br \/>\nworld as possible, otherwise fiscal sustainability would not be<br \/>\npossible.<\/p>\n<p><span><\/span><\/p>\n<p>Discussions on Saturday, he told a news conference, were<br \/>\n&#8220;about the real theater of policy action, which is about fiscal<br \/>\nreforms and structural reforms, not just in Europe although that<br \/>\nis obviously an important focus of our attentions, but also in<br \/>\nthe United States as well as more generally amongst all players<br \/>\nin the international economy.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Throughout three days of meetings in Washington, top global<br \/>\nfinance officials tried to keep up the pressure on Europe to<br \/>\nfollow through on tough economic reforms that are considered the<br \/>\nkey to getting to the root of the region&#8217;s debt problems.<\/p>\n<p><span><\/span><\/p>\n<p>U.S. Treasury Secretary Timothy Geithner also urged the<br \/>\nEuropean Central Bank to play a central role.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The success of the next phase of the crisis response will<br \/>\nhinge on Europe&#8217;s willingness and ability, together with the<br \/>\nEuropean Central Bank to apply its tools &#8230; flexibly and<br \/>\naggressively to support countries as they implement reforms,&#8221;<br \/>\nGeithner told the IMF&#8217;s steering committee.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, April 21 (Reuters) &#8211; Europe came under pressure on Saturday from other world powers to do more to fix its debt-heavy economy, which still threatens to undermine a fragile global recovery. A day after top economies agreed more money for the International Monetary Fund to help contain Europe&#8217;s debt crisis, the fund&#8217;s governing panel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10168","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10168"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}