- Emerging markets to support global growth in 2012
- Q1 2012 will be challenging in terms of refinancing in Europe in public, private sector
- Results of EU summit positive
- Cites strengthening of EFSF, advancing timetable for ESM
- Important progress was made on decision-making process for ESM
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ECB’s Nowotny: ECB doing utmost to avoid having Europe enter recession
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