Could Finland Leave The Eurozone Opening The Door For Germany...
Once Finns break the taboo, it would be easier for Germany to extricate itself from an escalating national disaster without inviting opprobrium from across Europe, or so goes the argument.“We can’t start this off, but the Finns can,” said Hans-Olaf Henkel, former head of
Asia Resilient Amid Euro Debt Crisis: IMF
Anoop Singh, Director, Asia & Pacific Department, IMF says concerns persist over a possible spillover effect to Asia from the euro zone. However, he adds that Asia has room for stimulus.
Greek Default Not In Cards: German Finance Minister
"I am convinced we can avoid a Greek default," Wolfgang Schauble, Germany Federal Minister of Finance tells CNBC's Maria Bartiromo. "We are trying to do a growth friendly deficit deduction," he adds. Oilli Rehn, European Commissioner for Economic and Financial Affairs, also
Euro Zone Impact On The UK
The UK is suffering collateral damage from the euro zone crisis, says George Osborne, UK Chancellor of the Exchequer. The UK has been constructive in helping the euro zone, he adds.
IMF's Lagarde: Much Still Needs To Be Done For Euro Crisis
IMF managing director Christine Lagarde says she hopes that 2012 will be a year of healing for Europe. The euro partners have to agree on more, says Lagarde, who adds the IMF needs an additional $500 billion in lending capacity to build a stronger firewall out of the euro zone.
