ECB warned to pump more money to save eurozone

27-Jul (Telegraph) — The European Central Bank should stand ready to use the full force of its financial firepower to stop the eurozone from falling into renewed turmoil in the wake of the Greek crisis, according to the International Monetary Fund.

It its annual health-check of the eurozone, the IMF made a controversial claim for the ECB to extend its unprecedented programme of quantitative easing beyond a provisional September 2016 end date.

Despite praising the ECB’s €1.1 trillion QE blitz, the report said the ECB “should ensure that banks continue to have access to ample liquidity and maintain orderly conditions in sovereign debt markets”.

“If financial conditions tighten significantly, the ECB should consider further loosening monetary policy through an expansion of its asset purchase program,” recommended the report.

[source]