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?