The risks facing the European financial system and the international financial markets
— Assessing the developments in the European sovereign debt crisis —
November 24, 2011
●The European sovereign debt crisis is still far from being brought under control, and the situation remains critical.
●What risks are the European financial system and the international financial markets facing?
-What does an analysis of data published by the authorities reveal?
●How can the immediate crisis be brought under control?
-What developments do the countries concerned hope to see and what do they hope to avoid?
-What aspects of national governments’ and authorities’ responses merit attention?
-What is the likely impact on the international financial markets in the future?
●What response will be required in the short, medium and long terms to avoid a recurrence of the public finance crisis in the eurozone?
●To what extent is the stability of Japan’s management of public finances sustainable?