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Europe Daily Bulletin No. 10533

18 January 2012
ECONOMY - FINANCE / (ae) economy
Draghi says situation serious but not a disaster

Brussels, 17/01/2012 (Agence Europe) - The chair of the European Systemic Risk Board (ESRB), Mario Draghi, said on Monday 16 January at an evening hearing at the European Parliament that the sovereign debt situation in Europe was very serious but stabilisation was perfectly possible. He said that the uncertainty about the affordability of some countries' debt and the anaemic economic growth forecasts had generated serious disturbances on the financial markets in 2011 that had had an impact...

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