| English.news.cn 2012-01-24 00:15:32 |
BERLIN, Jan. 23 (Xinhua) -- International Monetary Fund (IMF) chief Christine Lagarde on Monday called for a bigger rescue fund in the 17-member eurozone and the creation of the eurobonds in order to address the single currency bloc's debt crisis.
Speaking during a conference here in Berlin, Lagarde said it is important to set up an even larger firewall, without which "countries like Italy and Spain that are fundamentally able to repay their debts could be forced into a solvency crisis by abnormal financing costs."
Meanwhile, the IMF head gave the creation of the long-disputed "eurobonds" an extra push, saying it was a concrete step to realize the so-called risk sharing.
