IMF Warns Eurozone Crisis at Critical Stage

'The International Monetary Fund has warned that the eurozone is in “critical” danger and there is “a sizable risk” of deflation in the single currency bloc.

“The euro area crisis has reached a new and critical stage,” the IMF said in a report on the state of eurozone policy published on Wednesday. “Despite major policy actions, financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself,” the report added.'

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