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IMF: Further ECB easing would ease tensions

FRANKFURT (MarketWatch) -- The International Monetary Fund on Thursday said it welcomed the European Central Bank's "willingness to undertake outright market operations of adequate size and other nonstandard monetary policy measures." The statement followed remarks by ECB President Mario Draghi, who said the ECB was preparing plans to intervene in bond markets once distessed governments apply to the region's rescue funds for help. The IMF said it agreed that the region's rescue funds need to be fully implemented, but added that, while monetary policy alone can't solve the region's problems, "further monetary easing and unconventional support would ease tensions as other policies are implemented and take effect."