IMF's Strauss-Kahn says EU aid package a 'big step forward'

BASEL: IMF head Dominique Strauss-Kahn on Monday hailed an aid package unveiled by the European Union for eurozone economies as a "big step forward."

"I think we have to wait a little more, but I think all this is rather encouraging," said Strauss-Kahn at the Bank for International Settlements, where he was due to meet central bankers.

"I see what has been done by the Europeans yesterday is really a big step forward, very broad measures both on the side of the EU and on the side of the ECB ( European Central Bank)."