Nov 02 2011 |
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Saudi Central Bank Governor Confident About European Debt Resolution
Wednesday, Nov 02, 2011
(This story was originally published Tuesday)
RIYADH (Zawya Dow Jones)-- Saudi Arabia's central bank governor Tuesday said he is confident that European leaders will resolve the region's sovereign debt crisis, despite market turmoil sparked by the Greek government's call for a referendum on the country's bailout package.
"I'm worried to a certain extent but less worried than I was a week ago," Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency , told Dubai-based Al Arabiya channel.
The central bank governor added that banking in the kingdom is the safest in the world and that the country's lenders won't change their solvency or provisions policies.
But Greek Prime Minister George Papandreou late Monday announced a surprise referendum on the country's European Union bailout deal, prompting markets to plunge Tuesday.
-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com
(END) Dow Jones Newswires
02-11-11 0400GMT
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