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Interview: EU debt crisis cannot be solved in short term

06-30-2012 12:11 BJT

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On Friday, German parliament approved the country's some 200-billion-euro contribution to the eurozone's permanent rescue fund. This is seen as a big step for materializing the crucial bailout scheme amid the region’s lingering debt crisis. Full Story>>

For more on the just concluded EU summit, we are joined on the line by Liu Baocheng from the University of International Business and Economics.

Q1: Cyprus is about to take over the rotating presidency of the EU. It is reported that Cypriot banks' heavy Greek losses have forced the island to seek an international bailout. Will this further affect the stability of the Eurozone and what's been the EU's response to the bailout request?

Q2: German Chancellor Angela Merkel once said in the future, the Eurozone will either separate or become more closely united. How possible is it for the Eurozone to separate? What impact would something like that have on the European economy?

 

Editor:Bai Yang |Source: CNTV.CN

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