The world’s largest financial institutions ratcheted up the pressure on eurozone leaders – and other Group of 20 countries – to take more forceful action to tackle the continent’s debt crisis and boost global growth, citing growing market turmoil.
“The risks of a global recession . . . are very real,” said Charles Dallara, Institute of International Finance managing director, at a press conference.
He urged a “game plan and a timetable that shows us where Europe is going”, saying “the lines of that necessity are becoming increasingly clear”.
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