IMF wants central banks to oversee markets with gov't supervision

Blanchard said he was concerned that European countries would drag their feet on structural reforms as confidence grew that the worst was over in the euro zone sovereign debt crisis."You hear it more and more: 'we have reformed enough, now we are seeing results. Spare us new demands'. That worries me," he said. "We need further structural reforms if we want to reach an acceptable level of employment. Even Germany,Fashion Dresses which is not going through a jobs crisis, is not exactly growing impressively."He said Germany, the euro zone's largest economy, should see Europe more as an insurance scheme than a transfer system and many wished Germany would take a stronger role in Europe."Sometimes the fire is at your neighbour's house, sometimes it's in your own house. I wish the focus was more on the question: how can we strengthen the euro?" Blanchard said, adding that meant banking union should be completed.

Blanchard did not rule out further debt relief for Greece, the country where the euro zone crisis first broke out."The IMF has agreed with the Europeans that the debt level will be below 110 percent of GDP in 2022," he said. "We will have to see how we will get there."IMF chief Christine Lagarde,Fashion Dresses speaking at the IMF and World Bank's autumn meeting on Thursday, said she had "no doubt" European authorities would stick by their commitments to give Greece additional debt relief if it meets fiscal targets set under its bailout programme.The co-founder of the world's biggest social network bought the properties after hearing rumors that a developer wanted to purchase one of them and market it as being near Zuckerberg's house, said the person, who asked not to be identified because the details aren't public. The 29-year-old billionaire spent about $30 million on the purchases since December, the San Jose Mercury News reported earlier today.

Zuckerberg's house cost $7 million in March 2011, and was purchased in the name of a limited liability company, according to a deed filed with the Santa Clara County Clerk-Recorder. Palo Alto, where Facebook was founded before its move to nearby Menlo Park starting in late 2011,Fashion Dresses counts Google Inc.'s Larry Page among its residents and was the longtime home of Steve Jobs, the Apple Inc. co-founder who died in 2011.Zuckerberg's home is modest in relation to his wealth and isn't located in Palo Alto's best neighborhood, said Steve TenBroeck,Fashion Dresses an agent at Alain Pinel Realtors who said he was aware of the purchases through industry contacts. Zuckerberg doesn't have to worry about nearby homeowners tearing down and rebuilding because Palo Alto limits residential construction to about a third of lot size, TenBroeck said in a phone interview.

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