THE head of the International Monetary Fund (IMF) Dominique Strauss-Kahn yesterday criticised European countries for reacting too slowly to the debt crisis.

Speaking in Brussels, where finance ministers were debating whether to enlarge the Eurozone’s temporary emergency fund and how to set up a permanent one, Strauss-Kahn said: “It is not a good approach that for every country we find a separate solution.”

He added: “The institutional organs of the European system likely need some improvement so as to react more quickly. They were not created to deal with crisis, they were created for more peaceful times.”