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Wednesday, April 7, 2010 as of 11:14 AM ET

Laurence Fink

Laurence D. "Larry" Fink (born 1952) is the chairman and chief executive officer of BlackRock, an American multinational investment management corporation.

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Blackrock CEO Says Euro Zone Must Be Saved At Any Cost -Report

Blackrock Inc.

(BLK) Chief Executive Laurence Fink calls on European countries and the European Central Bank to save the euro zone from breaking up at any cost, Germany's manager magazin reports Wednesday.The ECB still has many options that haven't been used and "should inject more liquidity into the market and cut the key interest rate, provided oil prices calm down," Fink is quoted as saying in an interview."We need a much weaker euro," he adds.Any euro-zone breakup would be accompanied by "serious social tensions and political uncertainties," warns Fink, who is also chairman of the asset and investment management company.Fink also criticizes bonus payments for bankers, which he says are often too high.Magazine website: http://manager-magazin.deCopyright © 2012 Dow Jones Newswires...

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