India preparing for euro zone meltdown
Jun 8, 2012 8:25:30 GMT -5
Post by popcorn on Jun 8, 2012 8:25:30 GMT -5
India preparing for euro zone meltdown 
India has prepared a contingency plan for Greece exiting the euro zone and even a collapse of the monetary union, Indian officials said on Tuesday.
The euro zone debt crisis has already put a damper on India's exports to Europe, the biggest destination for Indian goods, as well as capital inflows into equity and debt markets. Prime Minister Manmohan Singh's government blames Europe's woes for the slowdown in Asia's third-biggest economy, although economists say Indian policy inertia is also to blame.
www.athensnews.gr/portal/8/56015
India has prepared a contingency plan for Greece exiting the euro zone and even a collapse of the monetary union, Indian officials said on Tuesday.
The euro zone debt crisis has already put a damper on India's exports to Europe, the biggest destination for Indian goods, as well as capital inflows into equity and debt markets. Prime Minister Manmohan Singh's government blames Europe's woes for the slowdown in Asia's third-biggest economy, although economists say Indian policy inertia is also to blame.
www.athensnews.gr/portal/8/56015
