WASHINGTON, July 8 The euro zone must take
coordinated action to revive economic growth, the International
Monetary Fund (IMF) said on Monday in a strongly worded
statement that cited the need to repair bank balance sheets,
advance a banking union and support demand.
"Growth remains weak and unemployment is at a record high.
Concerted policy actions to restore financial sector health and
complete the banking union are essential," the IMF said in a
regular assessment of the currency bloc's economy.
"The centrifugal forces across the euro area remain serious
and are pulling down growth everywhere," it said in a statement.