Zoellick Says Europe May Get Support From China, U.S. Via IMF
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Countries from China to the U.S. may be willing to support Europe through the International Monetary Fund if the region’s policy makers agree on a plan to stem their debt crisis, World Bank President Robert Zoellick said.
The 17-nation euro region is “at a tipping point,” Zoellick said, with the turmoil affecting the U.S. as well as developing economies. The IMF can help “backstop the European system” as countries such as Italy adopt new policies to reassure investors, he said.