EU bailout boss: IMF not needed in future crises

Europe will be able to handle future economic crises without the help of the International Monetary Fund, the head of the eurozone’s bailout fund told German magazine Der Spiegel yesterday.

The IMF was involved in Greece’s first two bailout programmes.

It is not involved in the payment of a first tranche of Athens’ third bailout, but may yet join the programme after a review in October.