IMF: Greece remains a hazard for the Eurozone

IMF: Greece remains a hazard for the Eurozone

Athens, July 28, 2015/ Independent Balkan News Agency

By Spiros Sideris

The Greek developments are still a source of danger for the European economy, says in a new report the International Monetary Fund, cited by Reuters.

In particular, the Fund underlines that the European economy remains exposed to the adverse developments on Greece.

Currently, explains the IMF, risks in the Eurozone are more balanced, adding however that the contagion of the Greek crisis remains “active”.

“We need to ensure that the risk of transmission will be disabled” upholds the Fund.

However, in general there is a strengthening of the European recovery, despite the persistence of certain obstacles”, the report added.

Therefore, it continues, the European Central Bank should implement to end the program of quantitative easing, which is expected to be completed in September 2016.

Indeed, the IMF leaves open the possibility of further extension of the ECB’s program to eliminate all potential risks for the Eurozone.