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Europe Day Ahead: IMF, Germany at odds on debt

Thursday, Oct 11, 2012 - 01:42

Oct. 11 - Germany's finance minister shoots down an IMF suggestion that euro zone strugglers should get more time to meet budget targets as debt worries dominate the IMF and World Bank meeting in Tokyo.

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He's out all the press all the eurozone debate reaches Tokyo where the IMF and world finding gathering for the annual meeting. I -- director Christine lie god says struggling peripheral nations should get more time to meet budget targets. Germany's finance minister says this is no time to relent on the austerity. Fund chief Christie not god may want to get the struggle is more time to meet targets but she's not lifting the pressure on the Euro zone as a whole. Decisions have been made by the Euro area members at whether they have decided to strengthen. Their fiscal. Discipline to associated with sanctions to make it much more cohesive and coordinated. Or whether they are embarking on designing. The European. Banking supervision system and hopefully a European banking union. This is gradually happening but more needs to happen and Foster. Eurozone industrial production numbers due out tomorrow morning a Reuters poll predicting a drop of more than 4% on the year. Raising fresh doubts about the Euro zone's recovery prospects. And the world news the last of the Nobel Prizes to be awarded tomorrow with the peace prize said to be announced. Pakistani philanthropist in social work until -- thought -- one contend that. Also in the running off to Nigerian religious leaders who have worked toward Christian Muslim dialogue. Let's all from us from now but join us again tomorrow when we'll have the latest in our exclusive series of interviews with -- PCB chief -- -- trichet. Tomorrow we asked whether he has any regrets about his time running the bank. I'm Nigel Stephenson and this is Robinson's.

Europe Day Ahead: IMF, Germany at odds on debt

Thursday, Oct 11, 2012 - 01:42

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