'Liquidity seizure' could restart recession
By Jonathan Burgos | China Daily | Updated: 2010-06-11 07:47
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IMF Managing Director Dominique Strauss-Kahn arrives at a meeting in Luxembourg. He said that the level of the euro, which has fallen 16 percent this year, "is not really a problem". Hannelore Foerster / Bloomberg |
SINGAPORE - A "liquidity seizure" arising from Europe's worsening debt crisis could drag the global economy back into recession, according to Paul Schulte, head of multi-asset strategy in Asia excluding Japan at Nomura Holdings Ltd.
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