IMF urges eurozone to reassure markets

The International Monetary Fund, armed with a replenished arsenal containing billions of dollars to battle Europe’s lingering debt crisis, now must press governments in the eurozone to carry out bold changes to reassure nervous financial markets and avert sending the crisis into a more dangerous phase.

The IMF’s final communique after hours of high-level meetings did not go beyond saying what structural reforms were needed to restore fiscal health and spur economic growth in the 17 countries that use the euro.