Russia PM Voices Confidence In Eurozone

Posted November 27th, 2012 at 2:30 pm (UTC-5)
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Russian Prime Minister Dmitry Medvedev says his country has confidence the eurozone's economic fortunes will improve, despite ongoing concerns about some debt-ridden members.

Mr. Medvedev said Tuesday that Moscow has no intention of switching its euro-dominated foreign exchange reserves into other currencies. He was speaking to reporters in Paris after meeting with France's prime minister, Jean-Marc Ayrault.

The Russian prime minister's comments come a day after eurozone foreign ministers and the International Monetary Fund agreed to reduce Greece's massive debt. Athens' near-default on its billions of dollars in loans had been the biggest immediate risk of a sovereign default in the 17-member group.