IMF warns of eurozone debt crisis spillover

THE IMF has warned that the debt crisis in Ireland, Greece and Portugal, despite the current support programmes, remains a risk, and could spill over to the rest of the world.

They praised the steps being taken by Ireland. According to IMF European director Antonio Borges “Ireland is doing very well”.

But the Washington- based body involved in the rescue packages for the three peripheral countries warned the EU to stop talking about debt restructuring, which threatens to trigger a default for Greece.