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Greece's New Govt Has To Tackle The Structural Problems - ECB's Weidmann

FXStreet (Mumbai) - German Bundesbank President and European Central Bank policymaker Jens Weidmann said on Sunday that Greece would have to stick to its agreements in order to continue receiving necessary aid.

Speaking for German public TV, he added: "I believe it's also in the interest of the Greek government to do what is necessary to tackle the structural problems there."

"I hope the new government won't call into question what is expected and what has already been achieved," Weidmann continued.

Greece's leftist-party Syriza came out as a clear winner over the ruling New Democracy party and is expected to form a new coalition government with ANEL by early Wednesday.

Risk contagion from Greece to be moderate for EM in eurozone – DB

According to Deutsche Bank, the risk of contagion form Greece would be moderate emerging markets in EU and concentrated mainly in 3-4 countries in south-eastern Europe, while it would be significantly lesser in the rest of the euro area.
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China may see a cumulative 100bps RRR cut by mid-2015 – DB

The Research Team at Deutsche Bank expect that in order to stabilize the Chinese economy the government might further cut interest rates by 25bp in Q2 and 25bp in Q3 2015, and cut the RRR by a cumulative 100bps by mid-2015.
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