It is great news that the IMF has advanced $1Billion on top of the earlier $10Bn by the ECB to Cyprus.
This is a vote of confidence that the IMF, ECB and EU are working together to try and solve the multiple problems in the Eurozone.
However, the real issue is not to keep on printing monies, buying up junk securities and bonds to provide the necessary funds and liquidity.
At the end of the day, the EU, ECB and IMF should try and help these troubled countries in the Eurozone to restructure the monetary policies and fiscal policies so that eventually, job will be created, income will be created, consumption will happen, growth will happen, GDP will come back.
Unless and until this happens, the Eurozone crisis will continue unabated.
The Panthenon Investment Group 