IOW: THE EURO IS COLLAPSING.The International Monetary Fund (IMF) has asked Italy to ensure "decisive implementation" of spending cuts to reduce the country's debt.
Its comments come as concerns continue that Italy may be the next country to be affected by the debt crisis in the eurozone.
The Italian government is now moving ahead with plans for an austerity budget.
The IMF said Rome may be being too optimistic about economic growth.
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