Tuesday, November 20, 2012

Eurozone risks prolonged recession

LONDON (CNNMoney) -- Investors want to believe eurozone policymakers can resolve the debt crisis. But the risk of a prolonged recession is rising, and with it the chances that more action will be needed to shore up the currency area.

A full 86% of fixed-income investors surveyed by Fitch Ratings said the European Central Bank's commitment to buy bonds of troubled eurozone nations, and European Union's plans for a banking union represent major positive steps, although 81% acknowledged "significant economic, financial and political risks remain."