Greek debt talks expected to resume today

Source: Bloomberg
Talks on Greek debt are planned to resume today, though the policy makers still are arguing over the coupon rate of restructured bonds. Private creditor representatives Jean Lemierre and Charles Dallara today return to Greece as EU finance ministers require debt holders to accept larger losses on Greek bonds. Both involved parties are squabbling to reach an agreement for more than three months.
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Thu, 26 Jan 2012 08:13:28 GMT

Angela Merkel: structural reforms are crucial

Big rethink is necessary in the Euro Zone within world's economy, said Angela Merkel at the World Economic Forum.  Structural reforms aimed at creating new jobs are crucial, she added. Indebted Euro Zone is the most discussed issue at the forum. Many consider Germany and other strong economies have to inject more money into rescue fund.

Thu, 26 Jan 2012 07:14:15 GMT

New Zealand leaves benchmark interest rate untouched

New Zealand's central bank decided to keep its benchmark interest rate at record low level on worries that Europe debt turmoil may harm overseas demand for country's commodity exports. Central bank's governor Alan Bollard also pointed out that inflation in New Zealand has slowed and therefore bank should stick to its record low key rate of 2.5%.

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