Standard & Poor's predicts eurozone could emerge from debt crisis in 2013

“This could be a decisive year in determining whether the eurozone ... can emerge from its sovereign debt troubles,” the rating firm said in a statement on the report, titled “The Eurozone Debt Crisis: 2013 Could Be A Watershed Year/”

“Nevertheless, we believe that investor confidence will only return if member states continue to make progress in rebalancing their economies, both through structurally stabilizing public debt and by further reducing external deficits,” S&P credit analyst Moritz Kraemer said in the statement.

The agency said that agenda was “challenging but achievable”, but also warned that implementation risks remained.

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