The euro zone debt crisis is not the result of a lack of political will and economic consolidation in the 1980s and 90s before the euro was introduced, but rather the consequence of a gradual drift away from policies embedded in the original rules of the currency union, Niels Thygesen, who helped design the euro, told CNBC on Thursday.
Exxon Mobil will continue to be robust and will maintain record levels of investment, valued at $27 billion in 2011, in the next couple of years despite the downturn in global oil demand and fluctuations in prices, Rex Tillerson, CEO of Exxon Mobil, told CNBC on Tuesday.
A shortage in technical skills is affecting global productivity and could hamper recovery and growth prospects in crisis-hit Europe, David Arkless, President of Corporate and Government Affairs at employment agency Manpower said on Tuesday.
The continuing decline in the European economy is a "concern" for Nissan but it is somewhat offset by growing markets in Russia, China, “and even in the United States,” Andy Palmer, Nissan’s executive vice president, told CNBC's 'Squawk Box' on Wednesday.
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