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Eurozone facing tough times, not yet out of woods: Expert

The EU and IMF unveiled a 3-year, 78 billion euro rescue package for Portugal. On the same day, the ECB's Governing Council decided to leave its key interest rate at 1.25%. Perry Mehrling, Senior Advisor of the Institute for New Economic Thinking, in an interview on CNBC-TV18 spoke about what the road looks like for Europe going forward.

May 06, 2011 / 18:09 IST
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The chronic debt crisis in the eurozone doesn

TAGS: #European Central Bank #European Union #Eurozone debt crisis #Institute for New Economic Thinking #interest rate #International Monetary Fund #Jean-Claude Trichet #Perry Mehrling #Portugese debt #World News
first published: May 6, 2011 11:14 am

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