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July 17th, 2012 
FAKE NEWS for the Zionist agenda
euobserver.com
16 July 2012
BRUSSELS – The euro crisis continues to weigh down the global economy, the International Monetary Fund said Monday (16 July), putting pressure on the European Central Bank to lower its interest rate even further and issue more cheap loans to the banks.
“There is room for monetary policy in the euro area to ease further. In addition, the ECB should ensure that its monetary support is transmitted effectively across the region and should continue to provide ample liquidity support to banks under sufficiently lenient conditions,” the IMF said in its annual World Economic Outlook.
The Washington-based finance outfit cut its global economic growth forecast to 3.9 percent from 4.1 percent in April, mainly due to the continued stress in the eurozone and weaker-than-expected economic activity in emerging countries.
“The utmost priority is to resolve the crisis in the euro area,” the IMF said. Overall, the 17 euro countries will contract by 0.3 percent this year and return to a 0.7 percent growth rate next year, the IMF predicts.
The specific reference to the ECB is meant to increase pressure for the Frankfurt-based body to turn on the printing presses via cheap loans, low interest rates and “some form of quantitative easing”, meaning direct or indirect bond purchasing aimed at lowering governments’ borrowing costs.
Read more: IMF tells eurozone to turn on printing presses
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