Lipsky says IMF ready to help euro zone nations

WASHINGTON Mon Mar 7, 2011 3:11pm EST

WASHINGTON (Reuters) - The International Monetary Fund stands willing to partner with Europe to help indebted nations on a case-by-case basis, a top IMF official told Reuters on Monday.

In an interview with Reuters Insider, IMF first deputy managing director John Lipsky said European officials have said they will present a comprehensive mechanism for dealing with financial and economic strains in the euro area.

"We'll have to see the specifics," Lipsky said. "Certainly everyone -- markets, investors, citizens -- are expecting to see some concrete progress."

(Reporting by Lesley Wroughton and Chrystia Freeland; Writing by Emily Kaiser; Editing by James Dalgleish)

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