Bankers, policymakers say Europe's crisis not over

International bankers and finance ministers warned on Saturday that Europe's crisis was not over even though the euro currency is now stabilised, it will take years to overcome economic malaise and mass unemployment in Europe.

Stanley Fischer, governor of the Bank of Israel speaks to NDTVs Namrata Brar about policies by central banks around the world, especially the ECB and Federal Reserve, in times of financial crises. Here is the edited transcript of the interview:

She adds that the recent reform announcements by the Indian government have created a positive mood, even though the world expects India to better than what it is doing.

Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development (OECD) speaks to NDTV on the sidelines of the World Economic Forum 2013 about recovery in global, US and European economies. Here is the edited transcript of the interview:

Chinese banks were among the first to make their way into the continent, with ICBC, the world's biggest bank by market value, having bought a 20 percent stake in South Africa's Standard Bank in 2007.

Greenpeace director Kumi Naidoo has a packed agenda at the World Economic Forum; the South African human rights activist, who a decade ago faced down riot police in Davos with thousands of other protesters, is being courted by big business.

Indian-origin eminent banker Anshu Jain today said the world has become over-reliant on central bankers and it is time political leaders and industrialists do their bit to improve the global monetary situation.

Speaking at a session on 'Women in Economic Decision-Making', Lagarde said that women are doing a wonderful job wherever they have got the leadership positions, be it in banks or other sectors.

The "positive contagion" on financial markets is not yet feeding into the economy at large but the euro zone should see recovery in the second half of the year, ECB president Mario Draghi said on Friday.

The European Commission unveiled a deal on Friday with Hewlett-Packard, Telefonica and eight other telecoms and technology firms aimed at filling up to 700,000 high tech job vacancies.

Asserting that India was a "shining star" with a growth rate of 6.5 per cent, which not many countries can boast of, Union Minister Jyotiraditya Scindia today said the country would emerge as a stronger economic force in next one year on the back of continuing reforms.

Banks in the Eurozone will pay back early "137.2 billion ($183 billion) of the huge injection of cheap, three-year emergency loans they received from the European Central Bank about a year ago.

Billionaire philanthropist Bill Gates has said the world has been able to improve human conditions at a faster than ever before.

Greenpeace activists forced a temporary shutdown of Shell petrol pump near the WEF meeting venue here this morning and called for the energy giant to be suspended from the influential annual global economic meet being held in Davos.

India is expecting a healthy flow of foreign direct investment (FDI) during the current year on the back of renewed interest of overseas investors.

Terming corruption and frauds as a worldwide menace, Union Minister Anand Sharma has said it was unacceptable to single out India and other developing economies for these issues, as he assured the global investors of New Delhi's commitment to an institutional mechanism to address these concerns.

Enthused by the improving global economic scenario and a renewed wave of reforms back in India, IT giant Infosys says it is bullish over better growth prospects of the IT sector in 2013, and expects greater job creation this year.

From heads of governments of countries like UK, Germany and Italy to high-flying business executives and lesser known persons, the World Economic Forum (WEF) meet in this Swiss ski town is hosting every one this week.

Speaking to NDTV on the sidelines of the World Economic Forum, Union Power Minister Jyotiraditya Scindia says the India story is very much alive and kicking. He says it's important to look at things from a global perspective.

Pakistan's cricketer-turned-politician Imran Khan today expressed full confidence that his party would sweep the country's general election, scheduled to be held few months down the lane. Mr Khan, who arrived here today to take part in the World Economic Forum, said Pakistanis will vote for change.