The eurozone recovery is weak, its financial markets too fragmented, and the region risks falling into deflation, the International Monetary Fund has warned. The IMF urged members to shore up the single currency bloc, including repairing bank balance sheets and stepping up reforms to boost employment. It repeated a recommendation that the European Central Bank should be ready for quantitative easing should inflation stay too low. The Washington-based body concluded after its latest visit to the region that the euro area recovery was taking hold and action by national politicians and the ECB had helped boost investor ... (full story)