IMF Official Says Further Euro Aid May Be Necessary

John Lipsky, a Deputy Director with the International Monetary Fund, said today that it may be necessary to provide more emergency funding to some European countries.

“It certainly will depend on circumstances,” Lipsky said in an interview today at the World Economic Forum in Davos, Switzerland.

The IMF and European Union have already provided bailout packages for Greece and Ireland and speculation is that Portugal and Spain are both potential candidates for similar aid.

Source: Bloomberg

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