IMF Warns on Europe Debt Spillover |
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February 9, 2011
possible global economic slowdown stemming from Europe's sovereign debt problems could affect currency and stock markets and weigh heavily on Japan's growth prospects, an International Monetary Fund official said on Wednesday.
A possible global economic slowdown stemming from Europe's sovereign debt problems could affect currency and stock markets and weigh heavily on Japan's growth prospects, an International Monetary Fund official said on Wednesday.
Euro zone countries are working on a "comprehensive" package of measures to try to resolve their year-long debt crisis, with the aim of completing a deal by the end of March. But a lack of consensus over details of the package means negotiations are progressing slowly.
Increased sign of disagreement in Europe could damage confidence in Europe's ability to prevent sovereign debt woes from spreading to other countries, potentially pushing up yields on government debt.
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