Thai government ready to deal with eurozone crisis

BANGKOK, June 3) (TNA) - Deputy Prime Minister and Finance Minister Kittirat Na-Ranong announced Saturday that the Thai government would timely implement economic measures to counter the ongoing eurozone debt crisis if it affected the Thai economy. Speaking during the weekly broadcast of Prime Minister Yingluck Shinawatra, Kittirat explained that the Thai government would set up a special fund, among other measures, to support the Thai stock market if the Thai bourse was affected by the European debt crisis in order to restore confidence among international investors. Kittirat acknowledged that Thailand's economic fundamentals, covering state coffer, remain strong, supporting the government's sound management of foreign exchanges and foreign currencies in the country, while the national fiscal status also remains 60-per cent stable, as the total public debt now standing at slightly over 41 per cent of the country's gross domestic product (GDP). The deputy premier said he, therefore, believed that the Thai economy should grow about 7 per cent this year and Thai exports should expand by 15 per cent year-on-year. (TNA)