Global: IMF providing 'political cover' on Eurozone meltdown

As European elections show the public increasingly rejecting austerity, critics call on the IMF to focus on the flaws of the eurozone rather than austerity in country programmes. Throughout the past months the prolonged recession in parts of Europe saw unemployment reach record highs and output stall, with concerns that austerity is hindering growth and the prospects to achieve fiscal and debt targets.