IMF uneasy on nagging weakness of eurozone’s banks
Fund’s Global Financial Stability Report and World Economic Outlook updates show concern over insufficiency of eurozone stress tests, links between banking and sovereign risks
Persistent weakness among eurozone banks and a lack of transparency about their exposures remain a major risk to recovery and growth of the single currency zone, the International Monetary Fund (IMF) said, in two reports released Tuesday.
The Fund's update of its Global Financial Stability Report expressed concern that the sovereign risks in the eurozone had intensified since October. "Government bond spreads in some cases reached highs that were significantly above the levels seen during the
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