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Europe at Risk of "lost Decade" Style of Economic Growth - Dutch Cbank


  • Europe is at risk of a Japanese-style "Lost Decade" of low economic growth, weak consumer spending and tougher borrowings -Dutch c bank
  • The bank said Cbank must take aggressive steps, like Japan did to fight deflation, and let banks take credit losses quickly
  • The bank also added that EZ banks needed to reform, and some banks might need to be restructured
  • Dutch cbank also pointed that the peripheral countries are more vulnerable on weak govet finances and fragile banking sector

Quotes

  • "Now that the risk emerges that Europe also faces a 'Lost Decade' of low economic growth, the Japanese experience offers important insights."

 Dutch Central Bank

 

Published: 2012-05-10 12:35:00 UTC+00

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