Euro-zone governments need to accept shared liability for each other's debts and take further steps to contain the crisis, Managing Director of the International Monetary Fund, Christine Lagarde said yesterday on the eve of the EU summit in Brussels. 

Managing Director of the International Monetary Fund, Christine Legarde

Lagarde noted that bonds issued in this context could be a first step to greater fiscal integration. She said the IMF hopes any government formed after the Greek election next month will implement the bailout plan agreed between Athens, the IMF and the EU.