PORTUGAL

S.Africa direct exposure to euro zone crisis low: Motlanthe

South African Deputy President Kgalema Motlanthe
South Africa's direct economic exposure to countries at the epicentre of the euro zone debt problems is low, but the risk of increased trade protectionism as a result of the crisis could harm local exports, Deputy President Kgalema Motlanthe said on Wednesday.
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IBTimes Logo

Italy's Monti center stage, France alarm bells

Prime Minister-designate Mario Monti raced to assemble a new government for Italy on Tuesday while a sharp rise in French borrowing costs raised fears that the two-year debt crisis may spread to the euro zone's second biggest economy.
Former European Commissioner Mario Monti leaves a hotel in Rome

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German Chancellor Angela Merkel delivers a speech after receiving the Emperor Otto Prize in the Magdeburg Cathedral in Magdeburg

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Newly appointed Prime Minister Monti looks on following a talk with Italian President Giorgio Napolitano at the Quirinale palace in Rome

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