Pressure Mounts for Urgent Action to Avert a Euro Zone Split

European leaders faced mounting pressure Monday to overcome divisions and move ahead quickly with new plans to prevent the euro zone from fracturing, as warnings multiplied that the crisis could endanger the global economy and cause credit to dry up in the banking system.

The Organization for Economic Cooperation and Development said Monday that the euro crisis remained “a key risk to the world economy.” The research group, which is based in Paris, sharply cut its forecasts for wealthy Western countries and cautioned that growth in Europe could come to a standstill.

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About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
This entry was posted in Crisis, Debt, Euro, Europe and tagged , , , . Bookmark the permalink.

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