The eurozone should swiftly resolve its debt crisis and warned the IMF may not have enough money to help needy countries, China's central bank chief said Saturday.
"The sovereign debt crisis in the euro area needs to be resolved promptly to stabilize market confidence," Zhou Xiaochuan said at the International Monetary Fund.
Addressing the International Monetary and Financial Committee, the IMF's steering body, Zhou warned that the IMF's resources, currently at about $630 billion, "may not be adequate" to deal with potential demand for its aid.
"As the European sovereign debt crisis unfolds, demand for IMF financing from its members has increased dramatically," he said.
"However, its available financial resources may not be adequate to meet the potential needs of the crisis-hit countries."All rights reserved. © 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.