Ernst & Young says action required to avert recession in Eurozone; Rate cut best approach to help growth across region
Sep 29th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Eurozone is now caught up in a new wave of sovereign debt fears and the threat of the crisis spreading throughout the region leading to a new recession has risen sharply according to Ernst & Young’s Autumn Eurozone Forecast (EEF) - - should be available here from Thursday morning. The latest forecast says an interest rate cut by the European Central Bank is the best approach to help growth across the region.