26 January 2013, 22:05

Eurozone crisis largely over – Lagarde

Eurozone crisis largely over – Lagarde

Head of the International Monetary Fund Christine Lagarde believes timely international bailouts and national austerity measures have largely checked the Eurozone’s debt crisis.

Speaking in Davos Saturday, she warned, however, that the year 2013 is going to be difficult. She also praised prompt rescue action taken by the European Central Bank.

The IMF is releasing bailout funds to Greece, Ireland and Portugal. Its next Eurozone client will probably be Cyprus.

Voice of Russia, RIA

    and share via