IMF says decisive action needed in Europe to restore confidence; Sovereign debt crisis entering “worrisome phase”
Sep 26th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The economic situation in Europe has deteriorated markedly in the past few months. The economy is now experiencing a significant slowdown, and the sovereign debt crisis is entering a new, more worrisome phase, Antonio Borges, the IMF’s European director, said at the weekend.