IMF warns critical for EU to speed up reform

World finance leaders expressed cautious optimism on Saturday that Europe is making progress towards containing its debt crisis but said it was critical for all advanced economies to step up the pace of policy reforms to rebuild confidence.

In a communique after two days of talks, members of the International Monetary Fund warned that global economic growth was decelerating and that substantial uncertainties and downside risks remained.

via Business feed http://www.scmp.com/business/economy/article/1060287/imf-warns-critical-eu-speed-reform