IMF asks Swiss to add to eurozone crisis fund

The head of the International Monetary Fund has called on Switzerland to contribute to a eurozone crisis fund.

This content was published on January 29, 2012 - 12:40 and agencies

Christine Lagarde made the appeal to Swiss Finance Minister Eveline Widmer-Schlumpf on the sidelines of the World Economic Forum in Davos. The amount requested was not made public.

Widmer-Schlumpf said contributions by various countries were being sought. It now had to be discussed by the cabinet, she said, adding: “We need to do everything to reduce instability in Europe.”

The IMF wants to make $500 billion (SFr456 billion) available to deal with the eurozone crisis and its repercussions on the world economy. For that, eurozone states committed in December to provide $192 billion for the IMF in bilateral loans. Other member states are being asked to make up the rest of the fund.   

Also in Davos, Economics Minister Johann Schneider-Ammann told journalists he expected the eurozone to survive the current debt crisis. The alternative would be a “catastrophe”. But nevertheless the Swiss cabinet had been making preparations in case of a eurozone meltdown, he said, as they needed to be ready for all possible outcomes.

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?