europe's woes put a drag on world growthwashington - the eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse germany...europe debt crisis dragging world economies downnew data show the eurozone woes intensifying a global slowdown, with signs that even germany, china and other pillars of growth are in trouble. washington - the eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse germany may be faltering, adding to worries about china and other major pillars of economic growth.europe needs deposit insurance scheme, economist rajan sayseurope needs an insurance plan for bank deposits that goes beyond national borders to head off bank runs fueled by fears of a change in currency, university of chicago economist raghuram rajan said tuesday.markets swoon as anxiety about europe takes holdthe threat of a financial crisis spreading from europe shook markets on wednesday. the euro dropped to a nearly two-year low against the dollar. oil prices sank to their lowest this year, and stocks took another fall. |
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