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German minister: will stabilize eurozone in 2012

German minister: will stabilize eurozone in 2012

Germany's finance minister says he's confident that Europe's politicians will manage to stabilize the eurozone in 2012 and keep the continent's common currency together.
Wolfgang Schaeuble acknowledged in an interview with business daily Handelsblatt published Friday that major problems remain to be tackled in some countries.
But he was quoted as saying: "I think we will be far enough along in the next 12 months that we will have banished the dangers of contagion and stabilized the eurozone."
Asked whether he could rule out the 17-nation eurozone breaking up, Schaeuble replied: "According to everything that I know at the moment, yes."
Germany, Europe's biggest economy, is a key player in the long-running battle to stem the eurozone debt crisis.


Updated : 2021-01-16 01:35 GMT+08:00