KUALA LUMPUR: Malaysia Prime Minister Najib Razak continued his attempts to allay fears that the country's economy could face another downturn as a result of the Eurozone crisis. Razak said he was more than confident that Malaysia's economy was “stable” and could support itself without fear of any struggles that could arise from the continued economic crisis in Europe. “Malaysia's fundamentally stable economy supports its growth. Our country will be protected from the Eurozone crisis,” said the PM, who doubles as Malaysia's Finance Minister. He sent the message to the country via Twitter. His comments came a day after Bank Negara Malaysia (National Bank of Malaysia) governor Zeti Akhtar Aziz said Malaysia's financial institution's were “strong enough to face the impact of Europe's debt crisis,” after revelations that the European banks' exposure was estimated at less than five percent of the zone's Gross Domestic Product. Both statements also denied a Nomura International report on Wednesday that said Malaysia was “among the most exposed Asian countries to European banks, making it vulnerable to any economic collapse there.”
