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IMF sees euro as undervalued, ECB policy support necessary- document

BRUSSELS, June 6 (Reuters) - The International Monetary Fund believes the European Central Bank must maintain monetary policy support, an EU document seen by Reuters showed, anticipating the content of a report the IMF will present to euro zone finance ministers next week.

The fund also intends to repeat its calls for Germany and other euro zone surplus countries to increase spending, while pushing Italy and other high-debt states to create more fiscal space by implementing structural reforms, the document said.

Those moves would help strengthen the euro exchange rate, which the IMF sees as slightly undervalued, the document said. (Reporting by Francesco Guarascio zfraguarascio; editing by Philip Blenkinsop)