Euro Crisis Still Has "Long Way To Go", IMF's Zhu Says

Euro Crisis Still Has "Long Way To Go", IMF's Zhu Says - Europe still has a "long way to go" in resolving its debt crisis, International Monetary Fund Deputy Managing Director Zhu Min reportedly said Tuesday.

"The crisis is not over," he was quoted as saying during a speech at the World Economic Forum in the Chinese port city of Tianjin. "We are still in the middle" and "there is a long way to go," he said. Zhu also urged Europe to keep faith in the single currency.

On China, he said the economy is currently experiencing "soft landing." Stabilizing Chinese growth is of top priority and the IMF supports further policy easing in China, reports said quoting the official.

Source: InstaForex