US are not going to sacrifice too much to save the EU

Note: This section contains information in English only.
Source: Marketwatch

The EU countries have to solve the debt crisis using their own efforts, said Mitt Romney, Republican U.S. presidential candidate. The US has an interest in preventing the Euro Zone's collapse but the major responsibility for avoiding the recession should remain on the EU leaders, he added.

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Tue, 03 Jan 2012 12:18:08 GMT

Greece will leave the Euro Zone in case the second bailout fails

Greece will be forced to exit the Euro Zone in case it fails to agree with the EU, private bondholders and the IMF on the second bailout worth 130 billion euros, said Pantelis Kapsis, government's official. The country may default in case the deal is not concluded till March when the country has to make bond payments. Experts say it is likely to agree

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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