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Euro Crisis Could Subside by July: Economist

Friday, 18 May 2012 | 12:00 PM ET

The euro zone crisis will start to subside from July onwards as European politicians ring-fence Greece, and European exports pick up, Holger Schmieding, chief economist at Berenberg Bank, told CNBC. He added that policymakers are taking contagion risk much more seriously than a year ago.