posted by AndrewW on Jan 28
Davos: Europe must show more resolve to fix the debt crisis as officials race to draft rules governing the euro and bridge a widening difference over how to keep Greece’s finances afloat, said delegates at the World Economic Forum.
"We can’t wait too long," said Peter Voser, chief executive officer of Royal Dutch/Shell. "It’s two minutes before midnight."
Executives and officials are meeting in Davos, Switzerland, as bond markets show signs of stabilising after the European Central Bank last month pumped three-year emergency funding into a banking system that was in danger of seizing up.
Central bank opposed
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