Wednesday, April 13, 2011

Europe crisis, capital inflows into emg mkts pose risks: IMF

The International Monetary Fund today cautioned that continuing debt woes in the euro zone as well as greater capital inflows into emerging markets pose significant risks to the global financial stability.Even though the global financial stability has improved in the past six months, the overall recovery remains "uneven", IMF said."In the next few months, the most pressing challenge is the funding of banks and sovereigns, particularly in some vulnerable euro area countries.

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