Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrived in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
Putin expects Russian-European Mars landing mission to crown with successScience & Space July 21, 18:21
DAVOS, January 22. /ITAR-TASS/. The economic situation in Europe will not improve in 2014, and debt-related risks still remain, said Board of Directors Chairman of UBS bank and former Bundesbank president Axel Weber at a panel discussion at the World Economic Forum in Davos.
Thinking that Europe is currently recovering from the crisis is a one-sided approach, noted Weber. He added that Europe’s economic growth did not exceed 1% and was due to key countries.
“Monetary policy of the European Central Bank led to a rather stabilized situation in the economy of European countries, but in 2014 there are two main risks for the European economy,” said Weber. Firstly, elections to the European Parliament in 2014 create certain political risks considering the complication of the decision-making process, Weber noted. Secondly, European banks will undergo a massive asset quality check, he continued, “All banks will undergo this procedure.” “If there are new risks from banks, then sovereign debt risks will also grow, and this will soon influence financial markets,” Weber concluded.