IMF says ’imperative’ for euro zone to revive growth

The euro zone must take coordinated action to revive economic growth, the International Monetary Fund (IMF) said in a strongly worded statement that cited the need to repair bank balance sheets, advance a banking union and support demand.

“Growth remains weak and unemployment is at a record high. Concerted policy actions to restore financial sector health and complete the banking union are essential,” the IMF said in a regular assessment of the currency bloc’s economy.

via Business feed http://www.scmp.com/business/economy/article/1278613/imf-says-imperative-euro-zone-revive-growth