When a global leader in the insurance industry is openly admitting that they have reduced their exposure to the crisis in the eurozone and have prepared for its demise, the world should stand up and take notice.

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IMF and US Treasury Officials Express Doubt over Europe’s Plan to Deal with Debt Crisis

According to US Treasury Secretary, Tim Geithner, European leaders “have more work to do” in regards to devising a plausible “grand plan” that can effectively deal with the eurozone crisis and restore confidence in financial markets.

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Euro Zone Financial Ministers Disagree about the Bailout Remit

Euro zone finance ministers recently started a two-day conference on the euro zone debt crisis, with obvious tension and division regarding the expansion of the remit of bailout funds.

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IMF issues new warning on eurozone debt crisis

With less than two months before the G20 summit is to commence, the IMF is warning that stock markets can only be swayed by action from the European Central Bank. It is IMF’s contention that the ECB needs to light a fire under key financial markets in order to prevent a further intensification of the market turmoil that very well could prompt a double dip global recession.

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Chancellor gives eurozone six weeks to end bickering

In his latest speech delivered in Washington DC, Chancellor Osborne warned leaders in the eurozone that they had six weeks to resolve their differences and to carry out the agreed support for troubled members. In particular the world is looking at what they will do for Greece which has been hardest hit by economic hardships.

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Debt Crisis in Greece Still Plaguing Global Markets

Last week as Germany reinforced their short term commitment to a second bailout for Greece, they also voiced their fears that there would eventually be what they referred to as an ‘orderly default’ which sent the bourses tumbling on Monday.

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Germany Fears the Spread of Eurozone Recession

According to news released just this week, the business sector in Germany is losing hope that the economy will improve any time in the near future. Business confidence is down and this is contrary to what had been forecast by Reuters who polled 42 economists who projected an increase in business confidence.

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