Deutsche's Anshu Jain predicts solution to eurozone debt crisis

Speaking at a Deutsche Bank conference focusing on Women in Asian Business, the bank's next co-head says speculation about a break-up of the eurozone is unfounded and adds that, from a bottom-up perspective, the world is in good shape.
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Deutsche Bank’s Anshu Jain, head of the corporate and investment bank and co-CEO in waiting (AFP) </div>
<div style="text-align:left;"> Deutsche Bank’s Anshu Jain, head of the corporate and investment bank and co-CEO in waiting (AFP) </div>

Anshu Jain, co-CEO designate of Deutsche Bank, is confident that a solution to the ongoing sovereign debt crisis in Europe will be found, even if there are significant hurdles to overcome and the markets are likely to remain volatile in the meantime.

“On the one hand we have countries which are struggling to reach political consensus to implement fiscal austerity, especially given the potential social reaction and the risks for a negative spiral in growth prospects. On the other, there is reluctance on the part of the stronger economies to support the weaker countries in the absence of substantial economic reform and strong fiscal measures.”

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