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.
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.
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.
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.
