Eurozone CRISIS: EU economy could be WIPED OUT by another financial bubble, IMF warns

Eurozone CRISIS: EU economy could be WIPED OUT by another financial bubble, IMF warns
 

The eurozone is still at risk from a sting in the tail of the economic meltdown, which pushed banks to the brink of collapse in 2012, accordion to the Washington-based fund.
European lenders still have a number of problems assets - and these could become a big problem for the medium sized banks, the IMF said in its report on Global Financial Stability.
And if debt bubbles were to again burst, it is these firms that are set to suffer the most.
But the IMF does not directly mention a bubble, in what is thought to be an attempt to appease governments and financial institutions.
However, the... read more

 
12 October 2017 in Business, Views: 41
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