World

EU finance ministers meet to debt crisis reply by Saturday

MADRID : The euro zone needs to see a quick and coordinated response to its debt crisis by the end of the Ecofin meeting
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Spain has not urged the BRICS group of emerging economies to acquire Spanish bonds, but the acquisition of Spanish debt would be a good deal for those countries, Salgado told reporters after a press conference in Madrid.

Brazil has proposed supporting crisis-hit euro zone countries to fellow BRICS countries, but their capacity to react was called into question on Wednesday.

Copyright Reuters, 2011