Another recession: Are you worried?
By siliconindia   |   Tuesday, 09 August 2011, 02:15 IST   |    52 Comments
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Europe
The massive increases in the public debt and budget deficits in European countries have brought them to the brink of a fiscal crisis. The debt-ridden countries are riding the world to a weakened economy and the European Central Bank's (ECB) pledge to calm down the financial markets has reportedly failed as most global stock markets sank again on Monday. Britain's FTSE 100 index of leading British shares slipped to 1.7 percent at 5,160 while France's CAC-40 fell 2 percent to 3,214. Germany's DAX was 2.3 percent lower at 6,096. Amidst the intense activities from ECB, Group of 20 and G-7 countries are increasingly engaged in constant discussions to prevent a second recession.

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