Eurozone ‘the epicentre of global crisis’
The crisis has spread round the world, moving from small to larger countries over the past few months, aggravated by the drying up of fund markets and because of the high interconnectedness of member states, there was a rapidly rising risk of contagion, he said.
His words came as the Troika — EU, IMF and ECB — agreed to release the latest €8bn tranche of their loan to Greece almost a month later than expected and amid demands for much tougher measures to be taken by Athens in the months ahead.
