WASHINGTON - The International Monetary Fund on Thursday said it
welcomed the European Central Bank's decision to launch a new and
potentially unlimited bond-buying program to help struggling euro zone
countries and said it was prepared to cooperate as much as it can.
"We strongly welcome the ECB's new framework, the Outright Monetary Transactions (OMT), for intervention in sovereign bond markets of countries accepting EFSF and ESM support for their macroeconomic adjustment programs and adhering to the associated structural and fiscal reform efforts. The IMF stands ready to cooperate within our frameworks," IMF Managing Director Christine Lagarde said in a statement. -- REUTERS
"We strongly welcome the ECB's new framework, the Outright Monetary Transactions (OMT), for intervention in sovereign bond markets of countries accepting EFSF and ESM support for their macroeconomic adjustment programs and adhering to the associated structural and fiscal reform efforts. The IMF stands ready to cooperate within our frameworks," IMF Managing Director Christine Lagarde said in a statement. -- REUTERS
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