The new finance chief of Spain also told CNBC that the southern European economy has been growing at a solid pace of about 3 percent in the last four years, but this doesn't mean that the problems raised during the euro
zone sovereign debt crisis are over.
Not exact matches
Attention is now being focused on EURO
zone leaders to take strong and credible action to strengthen the capital of private sector banks in Europe, ensure confidence in bank liquidity and interbank credit, and guarantee support for
sovereigns»
debt.
As for the ETFs of
sovereign debt, you can't really separate the risk in the Euro
zone between the PIIGS and your Denmark & Germany.
Moreover, contagion effects from the
sovereign debt crisis in the euro
zone, which appears to be slipping into recession, are expected to remain as a primary risk to growth in 2012.