(TELEGRAPH) — The euro is likely to survive 2012 despite the eurozone debt crisis, International Monetary Fund Managing Director Christine Lagarde said on Friday.
"Will 2012 be the end of the euro currency? I seriously don't think so. Its a young currency, its a solid one as well," she said on a visit to South Africa as part of her first tour of the continent since taking the IMF post.
"You have within the zone, not in relation to the currency, serious pressure and issues concerning the sovereign debt, concerning the strength of the banking system which are being addressed. But the currency itself is not one that would vanish or disappear in 2012, not at all."
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