Europe News
German finance minister says IMF still fully operational
May 15, 2011, 16:07 GMT
Berlin - The International Monetary Fund remains 'fully operational,' German Finance Minister Wolfgang Schaeuble said in Berlin on Sunday, following the arrest of IMF head Dominique Strauss- Kahn in New York.
Asked on national public television about crisis talks on the problems with national debt in the eurozone set for Monday and Tuesday, Schaeuble said: 'Resolving the problems remains unaffected by this.'
'The IMF remains fully operational,' Schaeuble told an ARD news programme, adding that Strauss-Kahn would be represented by a senior IMF official at the Monday meeting of the finance ministers of the 17 eurozone countries.
The IMF is providing a third of the funding to prop up Greece and Ireland, and is also to be involved in the bailout package for Portugal to be approved during the week.
The finance ministers of all 27 European Union members meet on Tuesday.
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