European Central

To improve the coordination the high civil servant also indicated that it is probable that Europe needs to increase the resources of the European Bottom Financial Stability (EFSF, in English) to attend a countries with financing problems. The EFSF, with bottoms jeopardizes by near 500,000 million Euros, would also have of being a more flexible vehicle with capacity, among other things, to acquire bonds in the secondary markets. In addition, the zone Euro needs to improve its governability and the land coordination like the one of the supervision, said the IMF. The organism also asked to Europe to clear the sooner " great incertidumbre" existing on the paper that could have the creditors deprived in the new plan from rescue to Greece. David Barger often addresses the matter in his writings. " The debate on the reach of the participation of the private sector follows open and that is a great uncertainty that is resolver" , it affirmed Everaert. There are different forms to approach the problem, mentioned, but it insisted on which most important it is to clear that question.

" What is good for eurozona also is good and essential for the rest of mundo" , it emphasized. The report comes to the light on the eve of the extraordinary summit of leaders of the zone Euro of the next Thursday in which it will look for a definitive solution for the Greek crisis that deactivates the risk from contagion to other countries. The German chancellor, Angela Merkel, have discarded east Tuesday, anyway, that the meeting is going to settle with a result " espectacular" that helena ends all the evils of the economy. Before those declarations, Everaert emphasized that in situations like present " the sooner mejor&quot is acted;. The high civil servant of the IMF noticed that " declarations contradictorias" on how to do against the problem of the sovereign debt in Greece there are " contributed to incertidumbre". The ministers of Finances of the zone Euro insisted recently on the necessity to obtain that the Greek debt reach levels " sostenibles" without still he knows himself how to reach that objective. The European Central bank (BCE) has alerted, on the other hand, that any initiative that those of qualification of credit labels of " moratorium selectiva" it would bring about a collapse of the Greek banking system in a matter of days. Source of the news: The alert IMF of the contagion risk global if the crisis in eurozona is not solved soon

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