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European Banks Risk New Global Financial Crisis, IMF Warns
Wall Street Journal (blog) By Ian Talley European banks risk creating a new global financial crisis as they shrink their balance sheets by more than $ 2 trillion through the end of next year, the International Monetary Fund said Wednesday. Without careful oversight by euro-zone … US signals comfort with IMF bid for more funds Europe should use own funds to address debt crisis: Flaherty Euro zone urged to step up bank recapitalisation |