IMF’s Strauss-Kahn says closer cooperation needed in Europe; Commission warns Eurozone’s four biggest countries and Ireland growth forecasts too optimistic
Mar 18th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The global financial crisis has heightened the need for closer international cooperation, globally and in Europe, to help avoid future crises such as the one the world economy just went through, IMF Managing Director Dominique Strauss-Kahn told the European Parliament on Wednesday. Also yesterday, the European Commission warned the Eurozone’s four biggest countries - - Germany, France, Italy and Spain - - and Ireland that their economic growth forecasts for the coming three years were too optimistic.