Reuters lands EU exclusive

Reuters landed a cracking exclusive ahead of last week’s euro zone finance ministers’ meeting — landing an IMF report a day before it was delivered to the meeting calling for the euro zone to increase the size of its rescue fund and for the European Central Bank to sharply boost its bond buying. Those are two of the obvious policy options to help cap the currency bloc’s debt crisis— the problem is that there is little political appetite at the moment. But the fact that the IMF, which is also helping to bail out EU weaklings, is demanding it was big news. Reuters exclusive on the IMF’s stance was cited in European media, the BBC and the New York Times. The head of the IMF, Dominique Strauss-Kahn followed up a day later by criticising Europe’s disjointed policy response.