Greek Debt Crisis Proposal for European Monetary Fund Wins EU Support

German Finance Minister Wolfgang Schäuble has suggested setting up a European monetary fund to enable the euro zone to tackle debt crises such as that seen in Greece without resorting to the IMF. EU Monetary Affairs Commissioner Olli Rehn has welcomed the idea.
German Finance Minister Wolfgang Schäuble is calling for a European Monetary Fund.

German Finance Minister Wolfgang Schäuble is calling for a European Monetary Fund.

Foto: DDP
cro -- with wire reports