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WireTap 0900 15/02/12

A round-up of the key stories across the specialist financial media, including news that eurozone officials have called off an emergency meeting of finance ministers to approve a vital €130 billion bailout for Athens


Eurozone divisions threaten Greece aid

Eurozone officials have called off an emergency meeting of finance ministers to approve a vital €130 billion bailout for Athens amid a growing fight among the country’s European creditors about the merits of allowing Greece to go bankrupt.  

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French economy grows, Germany shrinks

The French economy expanded in the last quarter of 2011, countering expectations for a moderate contraction, and suggesting the country was more resilient than expected to the effects of the sovereign-debt crisis.

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German contraction smaller than feared

Germany has reported a smaller-than-expected economic contraction late last year, while France saw a modest increase, indicating the eurozone’s slowdown was not as severe as feared.

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China's central-bank chief upbeat on euro crisis 

People's Bank of China governor Zhou Xiaochuan on Wednesday gave the eurozone a vote of confidence, saying the challenges it faces can be solved.  

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Asian currencies advance on China plan to help resolve Europe debt crisis

The Philippine peso and South Korea’s won led gains among Asian currencies after China pledged to invest in Europe’s bailout fund to help ease the region’s debt crisis.   

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