 | | Meanwhile, in many emerging economies, a tighter monetary stance is increasingly being seen as necessary given the mounting inflationary risks—India being the latest to move towards tightening. In an otherwise generally gloomy global outlook, the US economy continues to be one of the sole bright-spots. Greece goes from bad to worse Sovereign debt risk in Europe continued to dominate markets during April. Despite the agreement reached in March, that Greece would receive bilateral loans from the eurozone and IMF should it be unable to meet its debt commitments, investors remained deeply skeptical. (...)
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