Zuma mulls over impact of euro crisis
Johannesburg - President Jacob Zuma on Saturday raised his
concerns with International Monetary Fund chief Christine Lagarde that the Euro
debt crisis had far reaching effects, said presidential spokesperson Mac
"President Zuma raised a concern that Europe had taken
long to solve its problems and how the impact of this was felt by developing
countries like South Africa," said Maharaj.
The meeting with Lagarde, the Fund's managing director, had
taken place on the sidelines of the African National Congress's (ANC)
centenerary anniversary celebrations in the Free State.
Maharaj said Lagarde had commended the measures that South
Africa had put in place to address youth unemployment as well as to address the
environment conducive to increase investments.
The meeting had also focused on global economic developments
in the coming year.