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Euro zone shows signs of stabilizing: France's Baroin
A woman walks inside a hall of the Athens Stock Exchange in Athens January 23, 2012.
Credit: Reuters/John Kolesidis
PARIS |
PARIS (Reuters) - French Finance Minister Francois Baroin said on Monday the euro zone economy was showing signs of stabilization and that a deal with private sector investors about resolving Greece's debt crisis was taking shape.
"There is a certain stabilization of the situation in the euro zone," Baroin told journalists at the finance ministry, adding that the euro zone was determined to support Greece.
German Finance Minister Wolfgang Schaeuble, also speaking at the event, said he wanted a second bailout program for Greece to be in place by March, and that the ratio of Greek debt to gross domestic product must not surpass 120 percent by "a lot" by 2020.
(Reporting By Daniel Flynn and Leigh Thomas, writing by Nicholas Vinocur; Editing by Toby Chopra)
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