Arab Today, arab today eu poses risk to us global economies
Last Updated : GMT 16:57:44
Arab Today, arab today
Arab Today, arab today

EU poses risk to US, global economies

Arab Today, arab today

Arab Today, arab today EU poses risk to US, global economies

Washington - AFP

Europe continues to present barriers to growth in the US and global economies, a top US Treasury official said Friday, citing the Cyprus crisis. \"The risk of financial instability in Europe remains a risk to our recovery and the global economic outlook,\" said the official, who spoke on condition of anonymity ahead of Treasury Secretary Jacob Lew\'s visit to the European Union next week. \"Recent events in Cyprus remind us that Europe continues to navigate a challenging path of fiscal and financial reform,\" the official said. The official noted the situation in struggling Cyprus, which struck a 10-billion-euro ($13 billion) bailout deal this week with the EU, the European Central Bank (ECB) and the International Monetary Fund. \"We have been struck by many comments made by Europeans officials stressing the uniqueness of Cyprus and of course we also recognize that Cyprus has some very unique features,\" the person said. The senior US official underscored that many banks in Europe were large relative to the size of their home markets, and called on authorities to make further progress toward a common eurozone institutional framework. Such a banking framework, used for recapitalization, restructuring, resolution and deposit insurance, would create a \"common backstop\" to contain contagion risks. \"The framework for oversight... within the euro area still is not commensurate with the scale and cross-border reach of the national banking sector.\" The US official also said it was \"vital\" to see rebalancing within the euro area, calling for surplus economies to contribute more to demand in order to ease adjustment in the periphery, \"avoid austerity fatigue and renew Europe\'s economic vibrancy.\" Lew, in his visit to Europe Monday and Tuesday for talks with counterparts on the global and European economies, will notably meet with ECB President Mario Draghi.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu poses risk to us global economies Arab Today, arab today eu poses risk to us global economies

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu poses risk to us global economies Arab Today, arab today eu poses risk to us global economies

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday