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Published on Monday, November 7, 2011 | Updated on Thursday, June 23, 2016

Europe Economic Outlook. Fourth Quarter 2011

Eurozone projections revised downwards on account of heightened stress in financial markets. Measures taken at European summits in October still leave key elements unresolved. Quick implementation is essential to avert a recession. ECB has extended bank liquidity measures, is reducing rates back to 1% and should maintain purchases of sovereign debt.