Europe should follow the US in conducting stress tests on individual banks, the International Monetary Fund said on Tuesday as it warned that economic recovery in the region next year depended on bolder and more forceful policy action.
By Scheherazade Daneshkhu in Paris, Tony Barber in Brussels and Peter Thal Larsen in London
Published: May 12 2009 15:15 | Last updated: May 12 2009 19:00
Europe should follow the US in conducting stress tests on individual banks, the International Monetary Fund said on Tuesday as it warned that economic recovery in the region next year depended on bolder and more forceful policy action.