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25 Dec, 2011

Gulfnews : Experts warn of worse financial crisis in 2012

Abu Dhabi: A new global financial crisis is in the making and could unleash its fury as early as 2012, a year when bond rollovers in the US, Asia and Europe worth a combined $6.5 trillion (Dh23.87 trillion) are due, experts warn.

The Eurozone sovereign debt crisis has entered a critical new phase with France’s prized AAA rating being downgraded by Fitch and the spectre of more sovereign downgrades looking imminent by the beginning of next year.

via gulfnews : Experts warn of worse financial crisis in 2012.