- CNTV English - CCTV News

Homepage > News > Biz >

Chile prepares contingency plan to cope with U.S., EU crisis

09-14-2011 11:14 BJT

SANTIAGO, Sept. 13 (Xinhua) -- Chile's fiscal and financial authorities are working on a contingency plan to ensure its economy can sustain any worsening of the ongoing debt crisis in the United States and European Union (EU), Finance Minister Felipe Larrain said here Thursday.

"We believe that what we have to do in order to be responsible here at the Finance Ministry is to create a contingency plan to face a potentially more complex situation," Larrain said during a seminar.

Larrain said the plan is centered around creating more liquidity for Chile's state assets and overall macro-economic management" in case the situation worsens" in Europe and the United States.

The ministry has maintained its forecast of a 5-percent growth for Chilean economy in 2011, but Larrain said it may become "complicated" for the country to meet this goal given the ongoing global crisis.

Chile's gross domestic product grew 8.4 percent year-on-year during the first half of 2011.


Editor:Zhang Rui |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program