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IMF official: Optimistic prognosis for emerging European economies

de Radu Rizea
Joi, 15 ianuarie 2009, 13:13 English | Regional Europe

The long-term economic perspectives for emerging economies in Europe are rather optimistic, given the fact that these countries reformed their institutions and have diversified and vigorous economies, the head of the European department in the International Monetary Fund (IMF), Marek Belka, declared on Wednesday.

"The crisis generated risks for these countries, but adjustments will be made soon, maybe even sooner and better than in Europe's older economies", said Belka, according to the IMF website.

According to the official, the ongoing crisis is a signal calling for the consolidation of European cooperation in areas such as the financial stability and the international financial institutions.

"Regardless of how serious this crisis is, it will come to an end, at some point. Our priority is to manage this crisis and, at the same time, to think about how we can prevent future crisis". said Belka.

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