It is urgently needed reforms and action against the problems in Greece, high unemployment, structural shortcomings and slow growth, shaken banking sector
The International Monetary Fund warned the euro zone that is facing a bleak economic outlook due to concerns about Greece, high unemployment and the banking sector is still struggling to shake off the financial crisis.
According to the IMF the Eurozone is "susceptible to negative shocks" as growth continues to slow, monetary policy at the moment does not give the required result. The Fund called for urgent "collective momentum" of monetary union, accelerate reforms, otherwise there is a risk of negative raastezh for years.
IMF said: "The restoration and strengthening of the euro zone is possible for a long period, supported by lower oil prices and extended program for the purchase of assets of the ECB, but the medium-term outlook remains weak, weighed down by the legacy of insufficient demand, lagging productivity and weak bank and corporate balance sheets.
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