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Lipsky: 'The euro area needs to strengthen economic governance' (Photo: consilium.europa.eu)

IMF tells EU: Stop 'unproductive debate' and integrate 'now'

The International Monetary Fund has bluntly warned the European Union it must put an end to its "unproductive debate" over debt restructuring and, in an unprecedented outside intervention in the construction of the European Union, told the bloc it must integrate faster and more deeply in order to stop a global disaster.

Using much of the same censorious language about the EU that the EU has used about Greece, the international lender told the bloc to act "now" and that its handling of t...

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Lipsky: 'The euro area needs to strengthen economic governance' (Photo: consilium.europa.eu)

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