{"id":685265,"date":"2010-03-08T07:45:00","date_gmt":"2010-03-08T12:45:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/eu-considers-its-own-crisis-fund-2010-3"},"modified":"2010-03-08T07:45:00","modified_gmt":"2010-03-08T12:45:00","slug":"eu-is-planning-a-crisis-fund","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/685265","title":{"rendered":"EU Is Planning A “Crisis Fund”"},"content":{"rendered":"

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BRUSSELS (AP) — The European Commission is discussing the idea of creating a European Monetary Fund with the 16 countries that use the euro.<\/p>\n

EU spokesman Amadeu Altafaj Tardio says the immediate aim is not to organize a bailout for Greece.<\/p>\n

Speaking to reporters Monday he said the Greek debt crisis has shown the EU needs better coordination and oversight of economic policies of the 16 nations that share the euro.<\/p>\n

Altafaj Tardio said, “This is not to tackle the Greek crisis.”<\/p>\n

Instead he said a European crisis fund would try to foresee trouble and stop it from happening.<\/p>\n

Altafaj Tardio says the European Commission hopes to conclude negotiations with the eurozone nations by July 1. He said many operational and technical details remain unclear at this early stage.<\/p>\n

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