IMF calls for further action to solve eurozone crisis

The International Monetary Fund (IMF) called for more action on 25 July 2013, to end the crisis in the eurozone.

The IMF stressed that greater progress has to be made on repairing the balance sheets of banks, so that lending can be kick-started.

It also said that further cuts to interest rates by the European Central Bank (ECB) may be necessary to boost growth.