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IMF paints dim picture for Europe, suggests more money printing may be needed

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. The IMF, saying medium-term growth would be subdued, urged the European Central Bank to keep its money presses rolling, perhaps beyond the target late next year. “The important thing is that the ECB intends to stay the course until September 2016

IMF paints dim picture for Europe, suggests more money printing may be needed

BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. The IMF, saying medium-term growth would be subdued, urged the European Central Bank to keep its money presses rolling, perhaps beyond the target late next year. “The important thing is that the ECB intends to stay the course until September 2016