Head of the IMF's Emerging Europe Bus Becker said yesterday that the euro is close to becoming overvalued, and that any further increase will undoubtedly effect the recovery.IMF predicts higher inflation and tighter monetary policy for the Asia-Pacific region for the next year, and expects continued strong capital inflows.Merkel holds crisis resolution as part of future growth in the EU. German Chancellor continues to promote methods that diluting the potential cost saving wayward EU countries, running as it is called, "the mechanism of crisis management" as part of any change in the EU, which may occur when adding new members (eg, Croatia discuss membership in 2012 ). According to these rules, the bondholders should take part in the salvation of states. This mechanism should facilitate the review of government debt without defaulting.
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